FxWirePro: AUD/USD finds major support at 0.75, good to short break below

• AUD/USD is extending downside after rejection at major trendline resistance at 0.7732 in Thursday's trade last week.
   
• As mentioned in our previous call (http://www.econotimes.com/FxWirePro-Weak-data-from-China-and-Australia-capping-recovery-in-AUD-USD-eyes-20-DMA-at-07614-277698), the pair has hit 20-DMA.  
   
• The major has broken supports at 20-DMA (0.7602) and then 50-DMA (0.7582) on Friday's trade.
   
• Downside now finds major support at trendline - 0.7520 and then weekly cloud top - 0.7495.
   
• Techs support downside, we see weakness on break below 0.75, test of 0.7445 then likely. 
   
• Bearish invalidation on break above 20-DMA at 0.76, test of 0.7725 then likely.
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Recommendation: Good to go short on a decisive break below 0.75, SL: 0.7580, TP: 0.7445/ 0.7420/ 0.74