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Rocketman

AUDUSD: US Fed Monetary ShiftFundamental Commentary: Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet; and, this action that will send yields higher . This has brought strength into the USD. Thus, USD with strength being signaled, I a positive the USD in the medium-term for another quarter or two. Technical Commentary: Fib resistance Middle of Pitchfork Horizonal resistance Trapped traders may bail out at 0.7600 Still the beginning of Wave 3 A pullback is developing; hopefully, into the resistance area, where I will short.
Short
by Rocketman