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- AUD/USD bounces off major trendline support at 0.7570, has retaken 100-DMA.
- Upside remains capped below 23.6% Fib at 0.7628.
- Technical indicators support downside in the pair.
- Major support levels - 0.7570 (trendline), 0.7536 (38.2% Fib), 0.75 (Oct 13 low)
- Major resistance levels - 0.76, 0.7628 (23.6% Fib), 0.7646 (20-DMA)
Recommendation: Good to go short on breakout below 100-DMA at 0.7588, SL: 0.7630, TP: 0.7535/ 0.75
