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"There is a particularly wide divergence in views on the FOMC, and the minutes may give some flavor as to what would be necessary (especially on the employment front) to garner enough support for more easing."
- RBC Capital (MarketWatch)
Pair's Outlook
The Aussie dollar-US dollar pair stabilized and at the moment the pair is trading flat ahead of the FOMC meeting. If bearish momentum emerges, 1.0162 (100-day SMA) is going to be an initial resistance level, a breakout of which would expose next lines at 1.0083 (S2 Weekly) and 0.9988 (55-day SMA; S3 Weekly), respectively.
Traders' Sentiment
AUD/USD is currently favored by bullish market participants as 72% of positions are long whereas 28% of them are short. At the same time, pending order allocation is less bullish as only 56% of investors expect the pair to advance, contrary to 44% of market participants holding an opposite view on the pair.
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