• AUD/USD declined sharply on Wednesday as Australian dollar was weighted down on speculation that U.S. Federal Reserve may raise interest rates this year.
   
• The pair remains under bears control unless until it trades below 0.7704 resistance level, therefore it is good to sell this pair around 0.7670 levels.
   
• To the upside, immediate resistance can be seen at 0.7652, a break above this level would take the pair towards next resistance level at 0.7704.
   
• To the downside immediate support can be seen at 0.7613, a break below this level will open the door towards next level at 0.7590.​
  
  Resistance Levels
  
  R1: 0.7652 (61.8% Retracement level)
  
  R2: 0.7704 (Daily high)
  
  R3: 0.7748(Aug 16th  high)​
  
  Support Levels
  
  S1: 0.7613 (Daily lows)
  
  S2: 0.7590 (38.2% Retracement level)
  
  ​S3: 0.7551 (23.6% Retracement level)