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AUSSIE TECHS: Stuck in The Range
AUDUSD touched post FOMC lows of 0.7007, before support ahead of the handle
cushioned falls. The rate continues locked in narrow range trade with bulls
looking for a close above Tuesday's high (0.7069) to extend the uptrend toward
the 0.71 level & 55-dma. Emboldened bears following the upbeat Fed look to
cement a close below 0.7000, with a break of the April 25 low at 0.6988 shifting
the focus back to the Jan lows.