• AUD/USD traded a tight range in NY's morning, held near overnight lows

• Pair neared 0.6320 ahead of the Fed statement, rallied after it

• Fed upped inflation, unemployment projects & lowered GDP projections

• US yields turned lower which dragged the US$ downward

• Stocks added to gains, USD/CNH sank, gold turned positive

• AUD/USD rallied above 0.6355, remained lower on the session, was down -0.10%

• Rising monthly RSI, hold above daily cloud, slew of DMAs gives longs comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)