AUD/USD awaiting FOMC and remains range bound

FXstreet.com (London)-AUD/USD has stuck to a range on the handle and 0.89 between 0.8950 and 0.8909.

The AUD is still trading on low after falling on the headlines ' RBA Stevens says Australia needs AUD/USD closer to 85 cents in the United States. The calendar is quite light, today at the end of a long week and it looks like traders are sitting on their hands waiting for the FOMC outcome that is still some way off next Wednesday. There is a growing consensus that is looking for a token $ 5 next week cone-10b.

AUD/USD Levels

The 20 DMA is 0.9158, DMA is 50 and 200 DMA 0.9361 is 0.9558. RSI (14) 46.21 law. Supports are ascending from 0.8770, 0.8830, 0.8848, 0.8891. Spot is 0.8938 while resistances are 0.8989, 0.9011, 0.9083 and 0.9125.

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