FxWirePro: AUD/ USD edges lower, focus on US shutdown headway

• AUD/ USD eased slightly on Wednesday  as markets assessed prospects of a possible resolution to the U.S. government shutdown.

•The focus now turns to a key vote in the U.S. House of Representatives that could extend government funding until January 30, potentially easing short-term fiscal concerns.

•The U.S. Senate on Monday approved an agreement to restore federal funding, ending the record-long government shutdown that had disrupted food assistance for millions, left hundreds of thousands of federal employees without pay, caused air travel delays, and postponed the release of key economic data.

• Looking ahead, investors are awaiting October employment report,analyst expect a gain of 20,000 jobs and an unemployment rate of 4.4%. 

•  Immediate resistance is located at 0.6567(50%fib), any close above will push the pair towards 0.6601 (Higher BB).

• Support is seen at 0.6508 (61.8%fib) and break below could take the pair towards 0.6446 (Lower BB).

Recommendation: Good to sell  around 0.6530, with stop loss of 0.6600 and target price of 0.6470