• AUD/USD inched higher on Wednesday erasing some losses suffered earlier in the European session as slight weakness in US dollar supported Aussie bulls.
   
• Short pullback around 0.7600 should be viewed as buying opportunities, as Australian dollar is stronger against the US dollar in intraday trading.
   
• The pair is trading at 0.7668 levels, it is set to advance further towards 0.7700 later towards 0.7750 in the short term.
   
• Strong support can be seen at 0.7593, a break below this level will expose the pair towards next support level located at 0.7554.
   
• Major resistance can be seen at 0.7761, a break above this level will open the gates towards 0.7800 levels.
  
  Resistance Levels
  
  R1: 0.7682 (23.6% Retracement Level)
  
  R2: 0.7730 (Sep 8th high)
  
  R3: 0.7761 (Aug 10th high)
  
  Support Levels
  
  S1: 0.7633(38.2% Retracement Level)
  
  S2: 0.7593 (50 % Retracement Level)
  
  S3: 0.7554 (61.8 % Retracement Level)