• AUD/USD declined on Monday as demand for greenback increased as recent comments from Federal Reserve raised bets that Federal Reserve will hike interest rate in December.
   
• San Francisco Fed President John Williams on Friday redoubled his call for raising rates soon, while New York Fed President William Dudley said on Oct. 19 that a rate hike was likely this year.
   
• The pair upside is expected to be limited as strong resistance at 0.7710 should limit upside and bring a decline towards lower levels in the short term. 
   
• To the upside, immediate resistance can be seen at 0.7640, a break above this level would take the pair towards next resistance level at 0.7710.
   
• To the downside, immediate support can be seen at 0.7570, a break below this level will open the door towards next level at 0.7532.
  
  Resistance Levels
  
  R1: 0.7640 (50% Retracement level)  
  
  R2: 0.7710 (61.8% Retracement level)
  
  R3: 0.7758 (Aug 10th high)
  
  Support Levels
  
  S1: 0.7570 (38.2% Retracement level)
  
  S2: 0.7532 (Oct 12th lows)
  
  S3: 0.7483 (23.6% Retracement level)