Chart - Courtesy Trading View
AUD/USD was trading 0.33% lower on the day at 0.6704 at around 09:15 GMT.
DXY strength ahead of FOMC meeting keeps downside pressure on the pair.
Further, downbeat monetary policy meeting minutes from the Reserve Bank of Australia (RBA) and People’s Bank of China’s (PBOC) inaction seem to weigh on the cross.
RBA Minutes released earlier on Tuesday showed that the policymakers are well prepared for further rate hikes to tame inflation.
However, the statements like, “Interest rates have increased quite quickly and were getting closer to normal settings,” seem to drag prices lower.
The People’s Bank of China (PBOC) held one-year and five-year Loan Prime Rate (LPR) unchanged at 3.65% and 4.30% respectively.
The PBOC's decision poured cold water on the face of expectations of a rate cut and weigh on antipodean prices.
Major Support Levels:
S1: 0.6645 (Lower BB)
S2: 0.66
Major Resistance Levels:
R1: 0.6765 (200H MA)
R2: 0.6797 (21-EMA)
Summary: AUD/USD was trading with a bearish bias, scope for further downside. Test of fresh yearly lows likely.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 



