Upbeat Aussie CPI-led intraday positive move fails near 0.6900 handle. Stronger US ADP report exerts some downward pressure in the last hour. Wednesday’s key focus will remain on the much-awaited FOMC decision. The AUD/USD pair held on to its mildly positive tone through the early North-American session, albeit has retreated around 15-20 pips from daily tops. The pair failed to capitalize on upbeat Aussie CPI-led goodish recovery gains and faced rejection near the 0.6900 handle. After a brief consolidation during the European session, the pair met with some supply following the release of stronger-than-expected US ADP report on private-sector employment. Despite the positive data, the US Dollar struggled to attract any meaningful buying and remained well within its daily trading range amid increasing nervousness ahead of the highly anticipated FOMC monetary policy decision, due to be announced later during the US trading session. Meanwhile, the latest leg of a downtick over the past hour or so could further be attributed to some repositioning trade ahead of the key event risk. Hence, it will be prudent to wait for a strong follow-through selling before positioning for an extension of the pair’s recent bearish slide from near three-month tops. Technical level to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple’s XRP technical analysis: XRP/USD near-term price breakout from bullish pennant FX Street 4 years Upbeat Aussie CPI-led intraday positive move fails near 0.6900 handle. Stronger US ADP report exerts some downward pressure in the last hour. Wednesday's key focus will remain on the much-awaited FOMC decision. The AUD/USD pair held on to its mildly positive tone through the early North-American session, albeit has retreated around 15-20 pips from daily tops. The pair failed to capitalize on upbeat Aussie CPI-led goodish recovery gains and faced rejection near the 0.6900 handle. After a brief consolidation during the European session, the pair met with some supply following the release of stronger-than-expected US ADP report on private-sector… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
