The less-hawkish FOMC minutes: It said slack remains in the labor market, which may add downside pressure to USD and support AUD.

Expect export improve: Recent rebound in commodity prices may suggest the government forecasts for a 12% jump in commodity driven export revenues may be too conservative.

Technical Analysis

Despite AUD’s retreat after being capped below Aug’s top at 0.7756, downside may be limited to 0.7490 (fibo 0.50) and the pair may trade inside 0.7490-0.7756.

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