- AUD/USD remains well bid above 0.80 handle despite weak Aussie import price index.
- The Aussie import price index dropped 0.1% quarter-on-quarter vs. 0.7% expected and 1.2% previous.
- The FOMC decision overnight came in line with market expectations.
- However lack of fresh insight on future hike rates combined with a dovish language in the statement knocked-off Treasury yields across the curve.
- USD saw a broad based sell-off overnight and is extending weakness today.
- AUD/USD has spiked above weekly 200-SMA at 0.8008, intraday bias remains higher.
- A close above weekly 200-SMA will see further upside. Test of 0.8163 (May 2015 highs) then likely.
Support levels - 0.8008 (weekly 200-SMA), 0.7965 (5-DMA), 0.79, 0.7842 (23.6% Fib retrace of 0.73712 to 0.79878 rally)
Resistance levels - 0.81, 0.8163 (May 2015 highs). 0.82
Call update: Our previous call (http://www.econotimes.com/FxWirePro-Bearish-RSI-divergence-raises-scope-for-downside-in-AUD-USD-good-to-go-short-on-rallies-818327) has been stopped out after hitting TP1.
Recommendation: Watch out for close above weekly 200-SMA to go long.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 107.212 (Bullish), while Hourly USD Spot Index was at -50.9847 (Neutral) at 0530 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD gains some upside momentum but still bearish
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: EUR/AUD under pressure as key support gives way
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/CAD extends decline on broad dollar weakness 



