FxWirePro: Aussie consolidates within narrow range, good to sell on rallies

• RES 4: 0.7500 (Jul 10^th high)

• RES 3: 0.7450 (Jul 21^st high)
  
  
• RES 2: 0.74275 (Aug 4^th high)
  
  
• RES 1: 0.7375 (200 day 4HMA)

      PRICE: 0.7342 @12:00 GMT 

• SUP 1: 0.7315 (Aug 6^th low)

• SUP  2: 0.7250 (161.8% retracement of 0.73266 and 0.74484)

• SUP 3: 0.7193 (61.8% projection of 0.7848 to 0.73266 from 0.7448)
  
  
• SUP 4: 0.7180
  
  

AUD/USD has made a high of 0.73966 and declined till 0.7314 from that level. Overall trend is still weak as long as resistance 0.7410 holds.

Technically Aussie short term support is at 0.7340 and any break below confirms short term weakness, a decline till 0.72500 cannot be ruled out.

On the higher minor resistance is around 0.7410 and break above targets 0.7445/0.7490.

Bearish invalidation only above 0.7410

It is good to sell on rallies around 0.7380 with SL around 0.7425 for the TP of 0.7250/0.7230