FxWirePro: AUD/USD breaks Support 0.7682, sell deals are recommended below 0.7680

• AUD/USD fell back from 0.7734 level (July 1^st  high ) and is trying to test support level at  0.7624 (23.6% Retracement Level).

• The pair is currently trading around 0.7667 level. It is expected decline further towards 0.7600 and later 0.7550.

• Short rally around 0.7730 should be taken as advantage for selling opportunities, as Aussie dollar is weak against the US dollar in the short term.

• To the upside, the strong resistance sits near 0.7683, A break above this level would take it to upside to next resistance level at 0.7774.

• To the downside immediate support sits at 0.7624 (23.6% Retracement level) a break below this level will take the pair to next level at 0.7585.

Recommendation: Go short below 0.7680, targets 0.7620, 0.7580, SL 0.7760

Resistance Levels

R1: 0.7683 (38.2% Retracement level)                    

R2: 0.7724

R3: 0.7774

Support Levels

S1: 0.7624 (23.6% Retracement level)

S2: 0.7585           

S3: 0.7533