Forex: AUD/USD weakens further after Fed's minutes

The AUD/USD was heavily sold off as the greenback strengthened broadly in the wake of the latest FOMC minutes, which showed that the Federal Reserve might consider QE changes during next meeting.

AUD/USD broke below the 1.0270 support level and fell towards its lowest in over a week at 1.0237. At time of writing, AUD/USD is trading around 1.0245 recording a 1.0% decline on the day.

Immediate support is now seen at 1.0220 ahead of the 1.0200 hurdle, while 1.0270 and 1.0300 should now offer resistance in case of bounces.