• The Antipodeans drifted sideways on Tuesday with investors reluctant to take big bets before central bank meetings in the United States and Japan
  
  
• The riskier/higher yielding currencies such as the Antipodean and the British pound were on the losing end as a result of the widespread risk-aversion
  
  
• AUD/USD stays soft ahead of European session after the Aussie sold-off on falling Asian equities, is holding just above session lows at 0.7228 
  
  
• Substantial risk aversion seen in the markets during the Asian session, regional stocks sharply lower 
  
  
• Nikkei drops -0.67, Australia's S&P/ASX is losing -0.10% while the Chinese benchmark index, the Shanghai Composite sinks -2.40%
  
  
• September quarter CPI (due Wednesday) - is the main Australia data event this week and NAB expects headline CPI to print at 0.8% for the quarter, up 1.8% y/y
  
  
• The pair is currently trading at 0.7236, with immediate resistance at 0.7249 (10 DMA) and support at  0.7230 (session low)
  
  

Resistance Levels:

R1: 0.7249 (10 DMA)

R2: 0.7270 (trendline resistance)

R3: 0.7272 (Daily Tenkan)

Support Levels:

S1: 0.7230 (session low)

S2: 0.7211 (20 DMA)

S3: 0.7200 (cloud base)