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FxWirePro: AUD/USD eases slightly as traders eye upcoming Fed rate decision and Australian jobs data

•AUD/USD eased slightly on Wednesday as traders attention turned and Federal Reserve's policy decision and upcoming Australian employment data. • The Fed's policy decision on Wednesday will be key for investors seeking i…

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FxWirePro: AUD/USD eases slightly as traders eye upcoming Fed rate decision and Australian jobs data
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•AUD/USD eased slightly on Wednesday as  traders attention  turned  and Federal Reserve's policy decision and upcoming Australian employment data.

• The Fed's policy decision on Wednesday will be key for investors seeking insight into the central bank's view on Trump's policies, their economic impact, and the implications for interest rates..

• Fed policymakers are expected to keep rates unchanged and will release updated economic projections at the meeting’s conclusion later today..

• Australia's employment data is set for release on Thursday, with another strong report expected to keep the jobless rate at 4.1%.

• At GMT 05:30, The Australian dollar  was last  trading down  0.04% to $0.6353

•  Immediate resistance is located at 0.6405 (50%fib), any close above will push the pair towards 0.6442(61.8%fib).

•  Support is seen at 0.6314 (38.2%fib) and break below could take the pair towards 0.6276(March 14th low).

 Recommendation: Good to sell around 0.6350, with stop loss of 0.6280 and target price of 0.6430

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