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FxWirePro: AUD/USD dips below lower range, bearish bias increases
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• AUD/USD edged lower in choppy trading on Thursday following the Federal Reserve's policy decision.
• The Federal Reserve left its benchmark interest rate unchanged, but the decision was accompanied by three dissenting votes in favor of a 25-basis-point rate hike, reflecting continued concerns about persistent inflation.
• Investors will also monitor remarks from RBA Assistant Governor Sarah Hunter in Sydney on Thursday for further guidance on the central bank's policy outlook.
• Support is seen at 0.6917 (38.2%fib) and break below could take the pair towards 0.6899(Lower BB).
Recommendation: Good to sell around 0.6960 with stop loss of 0.7000 and target price of 0.6900