FxWirePro: AUD/USD edges higher from session lows at 0.7327, momentum still with the bears

AUD/USD hammered lower in the European Session, as markets contemplate on Sept Fed rate hike in light of RBA minutes

• 4 hourly cloud base at 0.7327 offers strong support, price bounced off from here, but momentum still bearish
• Below here support sits near 0.7280, then at 0.7255/60 2015 low, breaks below could take the pair to 0.7204 (76.4% Fibo 0.6007-1.1081) 
• Markets await crucial US economic releases including Wednesday's CPI and FOMC minutes for further momentum on the pair

Resistance Levels:

R1: 0.7409 (Daily High Aug 13)
R2: 0.7440 (Highs Jul 22, Aug 11)
R3: 0.7450 (Daily High Jul 21)

Support levels:

S1: 0.7323 (Daily Low Aug 13)
S2: 0.7266 (30 DMA Lower Bollinger)
S3: 0.7204 (76.4% Fibo 0.6007-1.1081)