• The AUD/USD pair inched higher in the US session as the pair got a lift from mixed US economic data.
   
• The Aussie weakened during the Asian and European sessions, but rose in the US session after the release of US economic data.
   
• Currently, the currency pair is trading around 0.7506 levels, it is set to decline further towards 0.7450 and later towards 0.7400 levels in the short term.
   
• Strong support can be seen at 0.7438, a break below this level will expose the pair towards next support level located at 0.7400.
   
• Major resistance can be seen at 0.7575, a break above this level will open the gates towards 0.7635 levels.
  
  Resistance Levels
  
  R1: 0.7513 (38.2% Retracement Level)
  
  R2: 0.7575 (50% Retracement Level)
  
  R3: 0.7635 (61.8% Retracement Level
  
  Support Levels
  
  S1: 0.7438 (38.2 % Retracement Level)
  
  S2: 0.7400 (Psychological levels)
  
  S3: 0.7330 (June 30th lows)