AUD/USD on route to RBA’s preferred levels?

FXStreet (Guatemala) – AUD/USD is trading at 0.8129, up 0.11% on the day, having posted a daily high at 0.8138 and low at 0.8116.

AUD/USD has stuck to its levels on the offer post the FOMC and in a quiet session from the Pacific with little follow up on events form earlier on. The currency dropped over a cent on a better bid greenback, taking out the support of the 0.82 handle and making more newer lows beyond the 0.8220 support to the lows of 0.8108 overnight.

As a result of the FOMC, the divergence looks confirmed between the two Central Banks with the RBA posed for possible rate cuts in 2015 and the Fed patient to raise but confident of a requirement to do so no earlier than after the first two FOMC meetings on 2015. 0.8140 is capping the upside ahead of 0.8180 while to the downside, a break of 0.8000 opens territory on the way to the RBA’s desired 0.75c