AUDUSD bouncing off 0.382 FIB, Flag Cont. pattern (FOMC Risk)

AUDUSD seems to be bouncing off 0.382 FIB and forming Flag Continuation pattern. AB=CD pattern is also being formed which opens a target at 0.7650 handle (if the flag support breaks). This target level is also a long term structural support level.

NOTE: FOMC meeting is a risk to this setup which may get invalidated.