The pair was able to partially compensate for the losses inflicted on her by the WSJ news about a possible downgrade of the Australian S & P agency. Now the pair is trading at 0.7802, down 0.11 percent. Note that the pair has recovered from a low of 0.7786, which she got after WSJ publication. Partially recouping losses, AUDUSD is back to flat, - FBS analysts noted (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
However, slowing the target is not the only problem of the Fed. Excessively strong U.S. dollar increases the cost of American goods, thereby, containing exports. China's economy slowdown, strong deflation in the euro zone, the uncertainty in the Greek question, outstanding conflicts in Ukraine and the Middle East significantly inhibit the growth of global GDP.
Trading Recommendations
AUDUSD broke the lower border of the Ichimoku cloud in two days, and went to the area of cloudiness, once again confirming the cautious approach of trading participants to the market.
In this regard, the upward trend in the short term is uncertain. It is possible that the pair will be testing the lower bound of the cloud. Trading recommendations for the pair are as follows: 1. Sell - 0.7770; SL - 0.7790; TP1 - 0.7650; TP2 - 0.7600. 2. Support at 0.7780, resistance at 0.7800 / 30, FBS expert stated.
