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The US dollar enjoyed a second wave of strengthening and AUD/USD is making its way below 0.90 – the critical round number than has separated ranges so often.

AUD/USD did managed to consolidate the losses (a 100 pip drop in the immediate aftermath) in its own session – the Asian one, but European markets and early US markets are already pushing it down under once again. At the time of writing, the pair is at 0.8996. A confirmation of the move is awaited.

The Australian dollar is at the mercy of the US one. The RBA bulletin released in the Australian morning did little to move the A$. The markets are still digesting the FOMC meeting.

Among the 5 hawkish signs that sent the USD bulls running, a potential timeframe for raising the rates is what made the dollar scream. Yellen said that the “considerable time” between the end of QE and a rate hike would be 6 months. This sets the date on April 2015.

So far, an interest rate hike in the US seemed to be in the far distance. Even though other Fed officials may now say other things to ease the message, the genie is out of the bottle and the clock is ticking.

If the break is confirmed, the next line of support is 0.8910, followed by 0.8820. On the upside we have 0.9062 and 0.91. For more, see the AUDUSD forecast.