AUDUSD begins Wednesday's session............>

AUSSIE: AUDUSD begins Wednesday's session sub-0.7700, with the figure capping at

present, after the pair hit fresh YtD lows. AUDJPY trades at 1.0710, while

AUDJPY last trades at 81.90. The immediate event risk is of course Wednesday's

FOMC MonPol decision, with Australia's labour market report due during

Thursday's session.

- The the AUD has been pressured by falling iron ore & copper prices in recent

sessions, with the US protectionist policies adding further pressure to the

trade/China sensitive currency.

- The RBA's rhetoric continues to point to a steady hand, that won't rush into

tightening MonPol.

- Above 0.7700, AUDUSD traders will look to 0.7736, hourly resistance from Mar

16, while the initial support level is the 100-WMA at 0.7626.

- AUDNZD traders look to 1.0744 as the initial resistance level, while hourly

support from Mar 20 comes in at 1.0675.

- AUDJPY support lies at 81.22 the YtD low, while initial resistance is seen at

82.29, which acted as support on Mar 16.