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FxWirePro- Major European Indices 
- RES 4: 0.7450 (Jul 21st high)
- RES 3: 0.74275 (Aug 4th high)
- RES 2: 0.7410 (200 day 4HMA)
- RES 1: 0.7347 (20 day 4 HMA)
PRICE: 0.73375 @11:52 GMT
- SUP 1: 0.7315 (Aug 6th low)
- SUP 2: 0.7250 (161.8% retracement of 0.73266 and 0.74484)
- SUP 3: 0.7193 (61.8% projection of 0.7848 to 0.73266 from 0.7448)
- SUP 4: 0.7180
AUD/USD has made a high of 0.7407 and declined from that level. Overall trend is still weak as long as resistance 0.7450 holds.
Technically Aussie has broken short term support 0.7350 which confirms short term weakness, a decline till 0.72500 cannot be ruled out.
On the higher minor resistance is around 0.7410 and break above targets 0.7445/0.7490.
Bearish invalidation only above 0.7450
It is good to sell on rallies around 0.7380 with SL around 0.7425 for the TP of 0.7250/0.7230
