AUD/USD Under Pressure Ahead of CPI, FOMC Amid Tech-Fueled Selloff

AUD/USD is under pressure as a sharp selloff in Asian technology stocks dampens risk appetite and weighs on the Australian dollar, a risk-sensitive currency. The article says traders are watching two major catalysts: Australia’s CPI report and the upcoming FOMC decision, either of which could determine whether the pair extends its recent pullback or stabilizes. The note also highlights that futures positioning, sentiment, and technical levels suggest AUD/USD may be nearing an important inflection point. Overall, the setup is bearish in the near term because the macro backdrop has turned more risk-off ahead of key inflation and central bank events.