Aussie trades weak, decline till 0.7250 cannot be ruled out

• RES 4 : 0.7495 ( Jul 10^th high)
  
  
• RES 3: 0.7450 (Jul 21^st high)
  
  
• RES 2: 0.74275 (Aug 4^th high)
  
  
• RES 1: 0.7370 (20 day 4 HMA)

      PRICE: 0.7327 @12:02 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 declined from the high of 0.7435 after PBOC fixes Yuan reference rate at 6.2298 (prev 6.1162).

The People's bank of china devalued the Yuan 2% over night, which sparked USD demand  and put the AUD under heavy pressure.

Technically Aussie has broken short term support 0.7350 which confirms short term weakness, a decline till 0.72500 cannot be ruled out.

On the higher minor resistance is around 0.7380 and break above targets 0.7445/0.7490.

Bearish invalidation only above 0.7450

It is good to sell on rallies around 0.7340 with SL around 0.7370 for the TP of 0.7250/0.7230