FxWirePro: AUD/USD drops to three-week low on greenback resurgence

•  AUD/USD dipped to three week low on Friday  as the greenback was boosted from solid U.S. data that prompted investors to pare back wagers of more policy easing there.

• Data on Thursday showed, second-quarter gross domestic product increased at an upwardly revised 3.8% annualized rate versus initial reports of a 3.3% pace.

•The number of Americans filing for unemployment benefits decreased by 14,000 to a seasonally adjusted 218,000 in the week ending September 20, the Labor Department reported Thursday..

• All eyes are on the U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, due on Friday.

• According to a Reuters survey, the report is projected to indicate a 0.3% rise from the prior month and a 2.7% increase year-on-year in August.

•  Immediate resistance is located at 0.6598(SMA 20), any close above will push the pair towards 0.6688(23.6%fib)

•  Support is seen at 0.6533(38.2%fib) and break below could take the pair towards 0.6497(Lower BB).

 Recommendation: Good to sell   around 0.6650 with stop loss of 0.6730 and target price of 0.6520