At the Asian session on Thursday, AUD/USD is trading in a strong downtrend, and at the moment is testing to break the strong support of 0.6600.
"Bearish" momentum the pair received after the announcement of the results of the FOMC meeting and the Jerome Powell conference. The Fed expectedly raised the rate by 75 basis points, but revised the neutral rate level from 3.2% to 4.6%. This means that the Fed will continue to aggressively tighten monetary policy. FOMC members say the rate will reach 4.25% at the end of 2022.
None of the central banks of developed countries can compete with the Fed's rate of monetary policy tightening.
Meetings of the Swiss National Bank and the Bank of England will be held today.
AUD/USD Technical analysis
On the chart of daily AU/USD the Bollinger Band indicator is steadily directed downward
MACD indicator is declining in the negative area and has a strong sell signal.
Stochastic Oscillator remains in the area of minimum values.

After a break below 0.6591, we open a sale with Take Profit at 0.6500. Stop-loss is placed at 0.6630.
If the price remains above resistance at 0.6581, we start to buy with 0.6750 as a guideline. Stop-loss is set at 0.6750
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