AUD/USD looks to end the fourth straight day in the positive territory. US Dollar Index struggles to find direction. The Fed is expected to keep its policy rate unchanged. The AUD/USD pair preserved its bullish momentum on Thursday and rose to its highest level since late September at 0.7301 before going into a consolidation phase in the NA session. Before the Fed announces its monetary policy decisions later in the day, the pair is staying quiet below the 0.73 handle. As of writing, AUD/USD was up 0.15% on the day at 0.7288. The US Dollar Index, which came under a heavy selling pressure after Republicans lost the majority in the House of Representatives in midterm elections, struggled to make a decisive recovery amid a lack of significant fundamental drivers. Today’s data from the U.S. showed that weekly initial jobless claims came in at 214K to match the analysts’ estimate. At the moment, the DXY is up 0.09% on the day at 96.25. Previewing today’s FOMC event, “In light of our economic projections, we think the Fed remains on track to deliver one more rate hike this year, but in December. That would be consistent with last week comments by the Fed’s new vice chair Richard Clarida, who, in his first public speech, said he thought “some further gradual adjustment in the policy rate range will likely be appropriate,” said NBF analysts. FOMC Preview: What 10 major banks are expecting from November meeting? Technical levels to consider The immediate resistance for the pair aligns at 0.7300 (daily high) ahead of 0.7360 (Aug. 28 high) and 0.7440 (Aug. 7 high). On the downside, supports could be seen at 0.7240 (100-DMA), 0.7200 (psychological level) and 0.7155 (50-DMA). 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 3 reasons to worry about the US economy – USD rally may reach its limits Yohay Elam 4 years AUD/USD looks to end the fourth straight day in the positive territory. US Dollar Index struggles to find direction. The Fed is expected to keep its policy rate unchanged. The AUD/USD pair preserved its bullish momentum on Thursday and rose to its highest level since late September at 0.7301 before going into a consolidation phase in the NA session. Before the Fed announces its monetary policy decisions later in the day, the pair is staying quiet below the 0.73 handle. As of writing, AUD/USD was up 0.15% on the day at 0.7288. The US Dollar Index, which came under a… 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.