AUD/USD has settled back on the offer after a valiant effort by the bulls in Europe before the US bears took back control at 0.7626. AUD/USD is trading with a bearish bias in early Asia, pressured below 0.7580. The US session was a sideways chop between here and the 0.7600 level after the sell-off at the aforementioned highs. The greenback was underpinned by comments from FED's Williams and Lockhart, both leaving the door open for a hike in April while Wall Street's stocks closed slightly higher again today, despite low volumes traded with telecommunications and health care stocks leading. The week ahead has little on the cards but US durable goods Key events in U.S. Q4 GDP and Japan CPI - Nomura The week gives us some time to reflect on the FOMC surprise outcome, as explained at the start of this week by analysts at ANZ. Main events in the US are Durable goods (Thursday 12:30 gmt), Q4 GDP (third estimate) (Friday 12:30 gmt). We then look forward to data from China's manufacturing and US nonfarm payrolls at the start of April. Events for AUD/USD today Focus today will be with the house price index Q4, while Australia's housing market is potentially headed for a bubble. Then, we have a panel participation by Malcolm Edey, Assistant Governor (Financial System), at the ASIC Annual Forum 2016, Sydney and then a speech by Glenn Stevens, Governor, at the ASIC Annual Forum 2016, Sydney to follow. AUD/USD levels Valeria Bednarik, chief analyst at Commerzbank explained that in the 4 hours chart, the price is a handful of pips below a bullish 20 SMA, "The Momentum indicator heads south below the 100 level, while the RSI hovers around 55, announcing the ongoing correction may continue before a new leg north." However, Karen Jones noted that the intraday Elliott count is suggesting a retracement to 0.7520/0.7415. For more information, read our latest forex news.