The AUS/USD pair is facing a leading decline for the 2nd straight day. The Wednesday analysis of the US Dollar index is reported stable at 92.50 as per expectations. The FOMC will update its most awaiting Monetary Policy Statement at 1800 GMT. The AUD/USD price has gained daily rise to 0.7376 within the active trading hours of Asia. However, it lost its traction in the European session. As a result, AUD/USD pair lost 0.25%, reaching 0.7340 on the day. The investors are awaiting the FOMC meeting today. –Are you interested to learn more about automated trading? Check our detailed guide- In the early hours of the day, data was published by the Australian Bureau of Statistics. It presented that the Consumer Public Index CPI has increased by 0.8% from 0.6% in the second quarter of the day. As the market was expecting a rise up to 0.7%, the figures came above expectations. Further, the trimmed-mean CPI in the Reserve Bank of Australia (RBA) achieved a significant rise of 1.6% per year in the second quarter that fulfil the market’s expectations. The AUD/USD falls back while preserving its bullish momentum because Australian inflation figures support the pair in finding some demand before the FOMCs policy update. Get FREE Forex Signals Now! In the initial 2 days of the week, the US Dollar index closed in the negative territory. In the meantime, the US Dollar Index is holding near 92.50 on Wednesday. As a result, it restricted the AUD/USD in the red zone. As reported in the FOMC ‘s July policy meeting, the bond purchasing program of the Fed allows it to hold firm while pushing back any imminent tightening. However, the lack of action by the Fed doesn’t mean stability in the financial markets while maximum printing of Dollars refers to the weaker greenback. AUD/USD price technical forecast: Where will bears stop? The AUD/USD price maintains a bearish outlook amid today’s fall under 0.7350. The pair is well below the 20-period SMA on the 4-hour chart. Moreover, the 50-period and 20-period SMAs are pointing south which means more losses to come. The volume is constantly increasing with the fall of prices. We have a swing low of July 21 at 0.7290 which may provide interim support to the pair. –Are you interested to learn more about forex signals? Check our detailed guide- AUD/USD price on 4-hour chart Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% 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 Monero Price Forecast: XMR’s Buy Limit at $220 Ali B. 2 years The AUS/USD pair is facing a leading decline for the 2nd straight day. The Wednesday analysis of the US Dollar index is reported stable at 92.50 as per expectations. The FOMC will update its most awaiting Monetary Policy Statement at 1800 GMT. The AUD/USD price has gained daily rise to 0.7376 within the active trading hours of Asia. However, it lost its traction in the European session. As a result, AUD/USD pair lost 0.25%, reaching 0.7340 on the day. The investors are awaiting the FOMC meeting today. -Are you interested to learn more about automated trading? Check our detailed guide-… 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.