AUD/USD remains at lows around 0.8950 after FOMC no-changes statement

FXstreet.com (San Francisco) - The Fed didn't deliver and the AUD/USD remained almost unchanged around 0.8950. After declining from 0.9040 to reach fresh almost 3 years lows at 0.8940 in the ealry American session, the pair has been trading sideways in between 0.8950 and 0.8980.

Currently, the AUD/USD is trading at 0.8955, 1.15% negative on the day. The short term perspective, however, is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic and the MACD are neutrals, at least at the moment.

Jul 31, 2013

USD/CAD bounced from new 1.0257 intraday lows post Fed’s decision

USD/CAD dropped to new 1.0257 intraday lows post FOMC interest rate decision to maintain 2.5% interest rates.

Fed keeps policy unchanged, slightly downgrades outlook

The Federal Open Market Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent Wednesday and kept and the central bank's $85 billion-per-month bond-buying program in place, giving no hints about the possibility of tapering such program.