AUDUSD recovers after support at 100-day MA holds
AUDUSD fell after FOMC but rebounded from the 100-day moving average and 50% retracement, aided by lower yields and higher commodities.
Forex prices were little changed at Monday's open. Crude may be boosted by Iran's statement that a Hormuz meeting with Gulf states was postponed.
Indicative forex rates are little changed from late Friday's levels:
This report already looks likely to give crude a boost when futures open at 6pm US Eastern time:
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AUDUSD fell after FOMC but rebounded from the 100-day moving average and 50% retracement, aided by lower yields and higher commodities.
USDCAD broke above key resistance after the Fed. Buyers aim to hold 1.4000, while sellers look to defend that zone.
Dollar trades mixed as markets digest the Fed's 25bp hike and BOE's hold. Equities rebound, yields fall, oil dips toward $100.
Key FX option expiries for September 17 include EUR/USD at 1.1430, 1.1450, 1.1500 and USD/JPY at 156.00.