AUD/USD continues Friday’s downtrend on Monday. Poor risk mood heavily weighs on the risk-sensitive Aussie. Market participants await the FOMC rate decision and press meeting to find fresh impetus. The AUD/USD price analysis reveals Monday’s Asian session at 0.7233, down 0.39% for the day. At the same time, two risk barometers react to an unpleasant mood. -Are you looking for the best CFD broker? Check our detailed guide- Recently, the collapse of China’s Evergrande and mixed updates on the Coronavirus have reduced risk appetite. Changes in the American economy, debt limits, or a recent multilateral agreement between the USA, UK, and Australia could also shake sentiment. To begin with, Wednesday’s cautious mood outside of the Federal Reserve’s Open Markets Committee (FOMC) is encouraging. There have been 1,506 coronavirus cases in Australia since the third day of the easing of the virus. In contrast, Japan has also announced that the emergency associated with the virus in Tokyo is ending. However, COVID-19 numbers from New Zealand and China, India and the UK have caused no alarm and therefore bolster risk appetite. According to Michigan Consumer Sentiment Index for September, it dropped from 72.20 to 71.0 on Friday but remained above 70.30 from earlier data. The same goes for the previously released US Consumer Price Index (CPI) and the increasing number of instances where Delta-Covid is being used to challenge the Fed’s hawkish stance. However, reliable retail sales and factory inflation data are likely to challenge the easy money proponents. Get FREE Forex Signals Now! Senator Manchin, according to Axios, has postponed a vote on President Biden’s spending package until 2022. Reuters reported that US House of Representatives spokesman Pelosi expected a bipartisan approach to solving the debt ceiling problem. Following these developments, the S&P 500 futures fell 0.30% on day three and fell close to a monthly low. The bears will likely hold the reins for a while but will be hesitant because of the lack of any key event. Among the week’s key events is the Federal Reserve System (FRS) monetary policy decision. -Are you looking for forex robots? Check our detailed guide- AUD/USD price technical analysis: Market awaits more sellers AUD/USD 4-hour price chart analysis The AUD/USD is standing near a horizontal level of 0.7030. Meanwhile, the average daily range has covered 71% so far during the Asian session. It shows that there are bright chances of an upside correction. However, the volume is bearish; any upside attempt will be seen as an opportunity to sell. The downside targets lie at 0.7200 ahead of YTD lows at 0.7100. On the upside, immediate resistance lies at 0.7250 ahead of 0.7300. Looking to trade forex now? Invest at eToro! Trade Forex Now! 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal AUD/USD Daily Outlooks share Read Next USD/CAD Price Snaps Risk Reversal to YTD Highs, Eying Elections Saqib Iqbal 1 year AUD/USD continues Friday's downtrend on Monday. Poor risk mood heavily weighs on the risk-sensitive Aussie. Market participants await the FOMC rate decision and press meeting to find fresh impetus. The AUD/USD price analysis reveals Monday's Asian session at 0.7233, down 0.39% for the day. At the same time, two risk barometers react to an unpleasant mood. -Are you looking for the best CFD broker? Check our detailed guide- Recently, the collapse of China's Evergrande and mixed updates on the Coronavirus have reduced risk appetite. Changes in the American economy, debt limits, or a recent multilateral agreement between the USA, UK,… 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.