• AUD/USD steadied on Monday as investors awaited whether the Federal Reserve might implement a more aggressive rate cut at its policy meeting later this week.
• The Federal Reserve's meeting on September 17-18 is the centerpiece of a busy week that also features policy decisions from the Bank of England and the Bank of Japan on Thursday and Friday.
• On the data front, Australia is set to release August's jobs report on Thursday. Economists predict an addition of around 30,000 jobs, with the unemployment rate expected to remain steady at 4.2%.
• Immediate resistance is located at 0.6731 (Sep 13th high), any close above will push the pair towards 0.6758 (23.6%fib).
• Support is seen at 0.6686 (50%fib) and break below could take the pair towards 0.6644 (Lower BB)
Recommendation: Good to buy around 0.6710, with stop loss of 0.6640 and target price of 0.6800
