FxWirePro: AUD/USD slips as focus turns to Jackson Hole

• AUD/USD eased on Tuesday as focus shifted to Fed’s Jackson Hole symposium this weekend.

• Markets are seeking direction this week from the Federal Reserve's annual symposium in Jackson Hole on the likely path of interest rates.

•Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework.

• On the data front, Australian consumer sentiment jumped in August, boosted by the third rate cut this year, improving outlook for finances and the economy.

• Westpac-Melbourne Institute index climbed 5.7% to 98.5 in July, a 2½-year high, though sentiment is still slightly negative.

•  At GMT 05:17, the Australian dollar was down  0.01% to 0.6490 against the Greenback

•  Immediate resistance is located at 0.6508 (SMA 20), any close above will push the pair towards 0.6601(Higher BB)

•  Support is seen at 0.6477 (38.2%fib) and break below could take the pair towards 0.6417(Lower BB).

 Recommendation: Good to sell around 0.6500 with stop loss of 0.6600 and target price of 0.6430