The pair remains under pressure amid falling demand for risky assets ahead of the Fed's monetary policy meeting. The pair may continue its decline if the negative sentiment in the markets persists.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch also continues to decline.
AUDUSD rate: monitor the price movement in real time.
Trading idea:
A decline in the price below 0.7675 will lead to its local drop to 0.76.