Technical analysis: AUDUSD 2021-09-17 00:00

AUDUSD is at the top of declining channel

AUD/USD is at the top of the declining channel. It gives a good opportunity to sell this pair.

AUD bearish bias:

RBA Governor Lowe confirms COVID-19 toll on the economy
Flatter yield spread between Australian and US government bonds
China's trade punishment of Australia is set to continue
Worldís emergence from the crisis to erode Australia's advantage
China to ban Australian coal
China appears to have enacted a ban on Australian coal imports
RBA reducing cash rate; extending curve control; buying more bonds
China launches anti-dumping investigation into Australian wine imports
Australian home loan values fell by more than twice expected

USD Bullish bias:

Federal Reserve is now much closer to the start of tapering
US job growth to give the dollar a new flourishing
St Louis Fed President Bullard strengthens the Fedís hawkish commitment
Fed is now among the few that has a timetable about exiting its extraordinary monetary policy
Fed does not have a concern about inflation and believes it is not sustainable
America is hiring again and new jobs are increasing
ISM's Prices Paid components and Beige Book is pointing to increased inflation
The Fed is walking the walk toward tapering bond buys


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