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FxWirePro: AUD/USD softens slightly , all eyes on Fed

• AUD/USD dipped on Wednesday   as investors  positioned ahead of  Federal Reserve's expected rate hike

• The Fed will announce its policy ‌decision at 2 p.m. EDT (1800 GMT) on Wednesday following the end of a two-day meeting. 

•Financial markets are betting heavily that the bank will lift its benchmark rate a quarter of a percentage point, to a 3.75%-4.00% range, and signal further tightening ahead.

• Oil prices remain elevated above $100, with WTI around $105–106 after disruptions to Saudi Arabia's East-West pipeline raised concerns about global supply route

• RBA Governor Michele Bullock and other senior officials are scheduled to appear before Australia's House Economics Committee on September 18, providing a potential near-term AUD catalyst.

• Immediate resistance is located at 0.7171(SMA 20), any close above will push the pair towards 0.7186 (38.2%fib).

• Support is seen at 0.7121(50%fib) and break below could take the pair towards 0.7093 (Lower BB).

 Recommendation: Good to sell  around 0.7140, with stop loss of 0.7180 and target price of 0.7070

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