AUD/USD opens -0.74% after Fed minutes failed to dent hawkish Fed expectations nL1N3522NM

Risk assets pressured by "higher for longer" interest rate outlook nL8N351307

AUD/USD working through some key support levels as AUD underperforms

AUD/USD below trend-line that came in at 0.6812 Thursday and 0.6818 today

It is trading around the 200-day MA at 0.6802 after hitting a low at 0.6795

The next support is at the 38.2 of the 0.6170/0.7158 move at 0.6780

A clear break below 0.6780 initially targets the 100-day MA at 0.6722

AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

Only a break above the 10-day MA at 0.6891 would ease downward pressure

Aus Q4 2022 Capex out today - but unlikely to have a lasting impact

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