Has the Fed Taper/Rate Hike been priced in? AUDUSD

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Risk on assets across the board has been trading with a bearish tone since Q4 2021 and the effects of it continues to linger in the market. The AUDUSD reflects this lingering fear in the markets trading cautiously within a range since December. We're likely to see this continue until there's some certainty around the fed's taper and rate hike plans for Q1 2022. In the meantime, the status quo remains and the pair will continue to range trade with a slight bearish overtone. If we see price hit 0.73 in the next couple of weeks, it will be a perfect short for us.

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