• The AUD/USD inched higher on Tuesday, as commodity currencies strengthened across the board after oil prices rose sharply towards $43 per barrel.
   
• The pair hit high at 0.7674, after finding buying interest around 0.7592 levels before retreating slightly towards 0.7643 levels in the early US session.
   
• Currently the currency pair is trading at 0.7643 levels, it is set to advance future towards 0.7700 and  0.7720 levels in the short term.
   
• To the upside, the strong resistance can be seen at 0.7700, a break above this level would take the pair towards next resistance level at 0.7773.
   
• To the downside immediate support can be seen at 0.7656, a break below this level will open the door towards next level at 0.7612.
  
  Resistance Levels
  
  R1: 0.7670 (Daily highs)
  
  R2: 0.7700 (April 1st high)
  
  R3: 0.7773 (23.6% Retracement level)
  
  Support Levels
  
  S1: 0.7656 (38.2% Retracement level)
  
  S2: 0.7612 (Daily lows)
  
  S3: 0.7594 (50% Retracement level)