• AUD/USD edges lower after rejection a major trendline resistance at 0.7730.
   
• The pair has taken support at 5-DMA currently at 0.7689, weakness only on break below.
   
• Techs support upside in the pair, break above trendline resistance at 0.7730 could see upside upto 0.7835 levels.
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-upside-stalls-shy-of-077-handle-bias-higher-good-to-long-dips-384633) has hit all targets.
   
• Major support levels - 0.7689 (5-DMA), 0.7656 (Nov 7 low), 0.7639 (20-DMA)
   
• Major resistance levels - 0.7730 (trendline), 0.7734 (Oct 20 high), 0.7749 (Aug 16 high)
   
• Markets await the outcome of US elections, while China's trade data dampened the sentiment around the AUD.
   
• We would prefer to wait for clear direction before entering into any trade.