AUD/USD finds bids 0.9375, US GDP eyed

FXStreet (Bali) - AUD/USD found a stack of bid orders lying around the 0.9375-0.9360 area (origin of the spike July 22), allowing price to pause the selling off 0.94 from Tuesday ahead of US GDP/FOMC.

Peter Fell, Analyst at FXBeat, notes: "Better US data put mild pressure on the antipodean. Asian reserve demand is cited around 9370, stops below 9360 and local corporate demand in the 9350's, topside, sellers touted between 9400/10."

"The subdued trading landscape will likely extend into the local trading session as we await US GDP", Fell adds.