AUD/USD inched higher to trade around 0.7509 on Wednesday as the pair once again found buying interest after a short dip on weak Chinese trade data.
- Much of the move was further gains in iron ore provided support to Aussie dollar.
- Currently the pair is making an attempt to test resistance level at 0.9540.
- Further decline is expected to be limited as the pair finds strong support at 0.7479 which should limit downside and initiate rebound back towards higher side.
- To the upside, the strong resistance can be seen at 0.7540, a break above this level would take the pair towards next resistance level at 0.7616.
- To the downside immediate support can be seen at 0.7479, a break below this level will open the door towards next level at 0.7415.
Resistance Levels
R1: 0.7527 (Daily high)
R2: 0.7540 (38.2% Retracement level)
R3: 0.7616 (23.6% Retracement level)
Support Levels
S1: 0.7479 (38.2% Retracement level)
S2: 0.7415 (23.6% Retracement level)
S3: 0.7391 (March 7th lows)


FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision 



