• AUD/USD dipped on Wednesday as investors positioned ahead of Federal Reserve's expected rate hike
• The Fed will announce its policy decision at 2 p.m. EDT (1800 GMT) on Wednesday following the end of a two-day meeting.
•Financial markets are betting heavily that the bank will lift its benchmark rate a quarter of a percentage point, to a 3.75%-4.00% range, and signal further tightening ahead.
• Oil prices remain elevated above $100, with WTI around $105–106 after disruptions to Saudi Arabia's East-West pipeline raised concerns about global supply route
• RBA Governor Michele Bullock and other senior officials are scheduled to appear before Australia's House Economics Committee on September 18, providing a potential near-term AUD catalyst.
• Immediate resistance is located at 0.7171(SMA 20), any close above will push the pair towards 0.7186 (38.2%fib).
• Support is seen at 0.7121(50%fib) and break below could take the pair towards 0.7093 (Lower BB).
Recommendation: Good to sell around 0.7140, with stop loss of 0.7180 and target price of 0.7070
