AUD/USD holds steady at $0.6843 after........>

AUSSIE: AUD/USD holds steady at $0.6843 after shedding 27 pips Wednesday, as the

FOMC MonPol decision negated an earlier boost from better than exp. Aussie CPI.

- An upbeat inflation report supported AUD across the G10 currency board, but

AUD/USD failed to take out the psychological $0.6900 barrier. The rate traded

just shy of the round figure before taking a hit from the latest FOMC rate

decision, which was less dovish than expected. A 25bps cut and bringing QE

forward by 2 months were accompanied by Fed Chair Powell's assurance that the

FOMC don't see this rate cut as the first of many, but rather as a mid-cycle

insurance. AUD/USD sank in reaction, bottoming at $0.6832, the Jun 18 cycle low.

- Bulls have reasons to worry after Wednesday's slide marked the ninth

consecutive down day. A clean break before lower Bollinged band (2%) at $0.6839

and the aforementioned $0.6832 level would further support the bearish case,

opening the Jan 2016 low of $0.6827. On the topside, a recovery of $0.6900 is

needed to improve the outlook.

- Australian m'fing PMI readings from AiG & CBA (f), as well as CoreLogic House

Price Index are due later today. Retail sales data is expected on Friday.