FxWirePro: AUD/USD below 0.76 handle, intraday bias lower

• AUD/USD price action rejected at highs by 0.7626, intraday bias lower.
   
• The pair has broken below major support by 20-DMA at 0.7617 and has slipped below the 0.76 handle.
   
• Downside is holding support at 0.75837 (Aug 4 low), break below will see test of 0.7540 (rising trendline).
   
• Momentum studies are bearish, Stochs and RSI are biased lower.
   
• Immediate resistance above 0.76 is seen at 0.7617 (20-DMA), while supports are seen at 0.7540 (50-DMA) and the 0.7512 (channel base).
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Recommendation: Good to go short on break below 0.7580, SL: 0.7625, TP: 0.7540/ 0.7510/ 0.7490