AUD/USD: headed for a test of 0.73 the figure?

Currently, AUD/USD is trading at 0.7348, down -0.83% on the day, having posted a daily high at 0.7433 and low at 0.7337.

AUD/USD has slipped through 0.7350 in an extension of the downside post FOMC while the greenback and 10 years are very firm. The markets were expecting a rate hike, but the result was more hawkish than expected with in increase in the dot plot. "In the accompanying press conference Fed Chair Yellen attempted to downplay the significance of the “modest adjustment” that some FOMC members had made to their forecasts for the Fed funds rate and reiterated that “we continue to expect the evolution of the economy will warrant only gradual rate increases,” explained analysts at Bank of Tokyo Mitsubishi, adding, "However, her soothing words have had limited initial dampening impact on the market which is even more confident now that the Fed will speed up the pace of rate hikes in the coming years.""

FOMC statement: supportive of Fed’s medium-term expectations for multiple hikes over coming years - Wells Fargo

AUD/USD levels

With spot trading at 0.7349, we can see next resistance ahead at 0.7360 (Daily Classic S1), 0.7362 (Weekly Classic S2), 0.7394 (Yesterday's Low), 0.7400 (Hourly 20 EMA) and 0.7409 (Weekly Classic S1). Support below can be found at 0.7337 (Monthly Low), 0.7337 (Daily Low), 0.7312 (Weekly Classic S3), 0.7311 (Daily Classic S2) and 0.7227 (Daily Classic S3).