US Indices Struggle Amid Strong USD and Bearish Sentiment

The US indices are struggling due to several factors. The strong USD and high bond yields have weighed heavily on AUD, making it weak against its peers. In contrast, the RBA raised interest rates as expected, but this had little impact on the currency's performance.

Looking at the technical charts, we see an oversold stochastic oscillator on the daily chart for some of these indices, suggesting a potential rebound. However, moving to the 4-hour chart reveals consolidation into descending triangles, indicating continued bearish sentiment.

The Australian CPI is set to be released soon, which could provide some clarity on the AUD's direction. Meanwhile, the AUDJPY pair is in a clear downward trend, with traders watching for a potential pullback.