The AUD/USD is unable to get above the 100 hourly SMA at 0.7635 and the pair is moving into a deeper negative territory, (pressured by the bearish 21-SMA), below the 10-hourly SMA at 0.7584 while the greenback caught a bid on the inline ADP report as a solid prelude for NFP's Friday. Currently, AUD/USD is trading at 0.7569, down -0.53% on the day, having posted a daily high at 0.7636 and low at 0.7567. The pair fell from 0.7633 to 0.7571 on the Aussie GDP Q3 miss which opened speculation that the RBA might not afford to be so optimistic as it appeared to be at this week's meeting. While the RBA left rates on hold and statement seemed largely unchanged from the Nov statement, indicating that they remain neutral and will be on hold for foreseeable future, the market was looking for a more dovish rhetoric and instead there was optimism around growth in wages.
