Just a few short hours before the interest rate release in the US, the USD is getting weaker. The Fed is expected to leave the interest rate at 0-0.25% level. After the announcement (at 19:15 GMT) Fed's Governor Bernanke will hold a press conference, during which investors would look for clues as to the bank's future monetary policy, especially in times of sluggish labor and housing markets. Now USD stands at 1.3120 against the EUR, when the downtrend of the USD against the EUR has been going on for over a week. This downtrend started at EUR's support of $1.2600. Bernanke's optimistic remarks might cause the trend reversal, whereas Bernanke's pessimism regarding the US economy might send the pair to the next USD resistance at $1.3340.


 

AUD/USD – 0.9470

The AUD is also gaining strength against its American counterpart due to the coming Interest Rate release and following the AUD upward trend in the world. This AUD trend spurs from anticipations that the Australian CB is about to raise the interest rate in the country. Now the pair stands at 0.9470, which is actually a two-year record for the Australian currency. The current AUD upward trend against USD started at USD0.8070 in early June. Bernanke's optimism might put an end to this trend or even cause a reversal, while the nearest AUD support is at USD0.8770.