AUDUSD | Why The Price Is Not Moving Yet?

AUDUSD | Why The Price Is Not Moving Yet?

AUDUSD created a descending channel during these days.

After the FOMC that we expected to see the next movement.

FOMC showed to be an event without event at all.

The price is expecting for tomorrow's NFP data that the U.S will
release at the market open.

It can be a volatile day tomorrow so it is better to be careful as also the chart
is showing that the market is waiting only for NFP numbers.

Any breakout of the price above the "Descending Channel" will push the price up again.

Thank you and Good Luck!