AUDUSD - Still Short Post FOMC and RBA minutes

We still see AUDUSD moving lower post FOMC as the FOMC indicated that there would be no further rate cuts and the RBA indicated early today it would be open to cutting rates if there was continued economic weakness. This is despite the positive news for the Australian dollar that the US and China have agreed a trade deal and we could see further downside towards 0.67 if the currency pair consolidates below support at 0.684.