Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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If you have followed my posts, then you know that I do not take fundamentals into account as far as considering trades. I DO consider that fundamentals have some impact on prices BUT as all technical traders will tell you, all fundamentals are already priced into the price action. Having said that, I'll answer your question about the rate hike and its effect on this pair:
As for Mrs. Yellen's comments, its' affect on this pair is minimal. In fact, its' overall effect on all the USD crosses has been minimal. First, AUDUSD is a commodity-based currency pair. Commodities like gold and copper have more influence on what this pair does than the USD. And so does China's economy. This doesn't mean that her comments don't play any role. It does but its significance is many times overplayed. Look at the USD crosses after her announcement. Are they reacting as you would expect? With no rate hike, you would expect USDJPY to drop right? Well, you must consider also the opposing currency in each pair as well.
When you develop your own trading plan, you must take into consideration your own mindset and trade accordingly or else you'll find yourself struggling against yourself and that's not a good thing. So my trading style is my own trading style and I never will say it is suited for everyone. There's not right or wrong here. Only what works best or you. GL!