• The AUD/USD pair declined on Monday as the greenback rose on expectations that Federal Reserve will raise U.S. interest rates soon.
   
• Comments from Federal Reserve Chair Janet Yellen and Vice Chair Stanley Fischer on Friday on raising interest rate, spurred selling interest in Australian dollar.
   
• Currently the currency pair is trading around 0.7568 levels, it is set to decline further towards 0.7500 later towards 0.7450 levels in the short term.
   
• Strong support can be seen at 0.7548, a break below this level will expose the pair towards next support level located at 0.7528.
• Major resistance can be seen at 0.7627, a break above this level will open the gates towards 0.7692 levels.
  
  Resistance Levels
  
  R1: 0.7588 (50% Retracement Level)
  
  R2: 0.7627 (61.8% Retracement Level)
  
  R3: 0.7692 (Aug 26th high)
  
  Support Levels
  
  S1: 0.7548 (38.2 % Retracement Level)
  
  S2: 0.7528 (23.6 % Retracement Level)
  
  S3: 0.7500 (Psychological levels)