FxWirePro: AUD/USD finds strong resistance at 0.7675, good to sell rallies

• AUD/USD went from last week's close of 0.7721 to make a low of 0.7631, the low so far for today.
   
• Negotiations in Doha over the first global oil deal failed to reach an agreement on Sunday after tensions between Saudi Arabia and Iran flared up.
   
• Oil prices crashed as a result, spurred a renewed bout of risk-aversion across the financial markets in Asia.
   
• The pair has since recouped most of its losses, closing the bearish gap down, but finds strong resistance at 0.7675.
   
• Immediate support on the downside lies at 0.7620 (10-DMA), and further below at 0.7583 (April 12th lows).
   
• Focus will remain on RBA’s monetary policy meeting minutes due for release tomorrow, no major data is scheduled for the day.
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Recommendation: Good to sell rallies around 0.7675, SL: 0.7730, TP: 0.7650/0.7620/0.76