• AUD/USD pair inched higher in the US session as the pair attracted short buying interest ahead of RBA statement in the upcoming session.
   
• Currently the pair is making an attempt to test resistance level located at 0.7642.
   
• The support level at 0.7220 is set to act as strong barrier to bears and initiate further bullish momentum towards 0.7300 and later towards 0.7340 levels.
   
• To the upside, the strong resistance can be seen at 0.7661, a break above this level would take the pair towards next resistance level at 0.7729.
   
• To the downside immediate support can be seen at 0.7606, a break below this level will open the gates towards next level at 0.7550.
  
  Resistance Levels
  
  R1: 0.7642 (Daily high)
  
  R2: 0.7661 (38.2% Retracement level)
  
  R3: 0.7729 (23.6% Retracement level)
  
  Support Levels
  
  S1: 0.7606 (50 % Retracement level)
  
  S2: 0.7550 (61.8 % Retracement level)
  
  S3: 0.7500 (Psychological levels)