FXstreet.com (San Francisco) - The Australian dollar managed to gain on the U.S. Dollar Tuesday as the greenback sold off mildly in favor of higher yielding currencies and risk-correlated assets after the FOMC statement late in the global day.
AUD/USD bounced from session extremes around 1.0485 to levels back near the highs of the day before slight pullback to close at 1.0550, 35 pips above its starting price. In early Asia, the pair is under gentle pressure as it trades down 1.0535. To the upside, immediate resistance lies at 1.0567 (1 Feb low), while, to the downside, support lies at 1.0508 (7 Mar low).
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