• AUD/USD declined on Tuesday as dollar was buoyed by the perception that the Federal Reserve would most likely raise interest rates at the next meeting.
   
• Investors expect Federal Reserve would raise short-term interest rates by a quarter point to 0.50-0.75 percent at its policy meeting next Tuesday and Wednesday.
   
• The pair remains under bears control unless until it trades below 0.7497 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, immediate resistance can be seen at 0.7470, a break above this level would take the pair towards next resistance level at 0.7497.
   
• To the downside, immediate support can be seen at 0.7446, a break below this level will open the door towards next level at 0.7413.​
  
  Resistance Levels
  
  R1: 0.7470 (50% Retracement level)
  
  R2: 0.7497 (61.8% Retracement level)
  
  R3: 0.7566 (Nov  14th  high)​
  
  Support Levels
  
  S1: 0.7446 (38.2% Retracement level)
  
  S2: 0.7413 (23.6% Retracement level)
  
  S3: 0.7368 (Dec 1st lows)