AUDUSD is trading under the 100 DMA around 0.7795 with a negative bias all over the day with a failed attempt to break the 0.7780/95 resistance area. The weak Chinese Services PMI data today morning also supported negative outlook. The pair is currently trading around 0.7755, testing the minor support at 0.7748. A break below this level would drag the pair further down till 0.7730.
Support: 0.7748, 0.7730 & 0.7700.
Resistance: 0.7785 [100DMA], 0.7820 [H4 50SMA] & 0.7868.
Trading Scenarios:
Sell below 0.7730 with TP at 0.7675, 0.7580 and SL at 0.7780.
Buy above 0.7785 with TP at 0.7820, 0.7860 and SL at 0.7755.