• AUD/USD recovered from a dip to session lows of 0.7589 hit earlier in the Asian session.
   
• Positive sentiment around the Asian stocks and higher copper prices lending support to the Aussie.
   
• Upside however seen capped by 20-DMA at 0.7621, break above could see further gains.
   
• Major support levels - 0.7600 (50-DMA), 0.7560 (100-DMA), 0.7530 (trendline)
   
• Major resistance levels - 0.7621 (20-DMA), 0.7635 (5-DMA), 0.7690 (Oct 18 high)
   
• Focus remains on the US dataflow and Australia Q3 inflation data for clues on further direction.
   
• Techs support downside, we see scope for test of trendline at 0.7530. Violation there could see test of 0.75 levels.