AUD/USD Technical Analysis: Aussie bulls looking at 0.7100 figure ahead of Fed

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 
• The FOMC at 19.00 GMT can lead to high volatility in the market and especially USD-related currency pairs.

AUD/USD 4-hour chart

• AUD/USD is trading between the 100 and 200 SMAs suggesting a consolidation phase in the medium-term.

AUD/USD 30-minute chart

• AUD/USD is trading near its 200 SMA suggesting a consolidation. 
• A bull break above 0.7100 should lead to a move up to 0.7115 and 0.7130 resistances. 
• Support is at 0.7090 and 0.7070 key level.

Additional key levels