AUD/USD clings to mild daily gains

AUD/USD has managed to advance slightly on Tuesday, even though the greenback had a better performance than yesterday, as investors await the FOMC monetary decision. 

The Aussie gathered pace during the Asian session after RBA minutes showed no urgency to cut interest rates further.     

AUD/USD reached a daily high of 0.7564 before losing momentum, but with the downside also limited, the pair was confined to a sideways phase. Last series of disappointing US housing data, had little if any, effect on the greenback, as main focus remains on the Fed meeting.

AUD/USD technical levels

At time of writing, AUD/USD is trading at 0.7552, up 0.27% on the day.  In terms of technical levels, next resistances could be found at 0.7579 (50-day SMA), 0.7600 (psychological level) and 0.7615 (Sep 2 high). On the other hand, supports are seen at 0.7530 (Sep 20 low), 0.7477 (100-day SMA) and 0.7441 (Sep 13 low).