• AUD/USD declined to trade in lower range on Tuesday as firmer dollar across the board and downbeat Australian retail sales data weakened Australian dollar.
   
• Australian retail turnover for March, released by the Australian Bureau of Statistics showed retail sales dipped 0.1 percent in March, against forecasts of a gain of 0.3 percent.
   
• The pair made session low at 0.7327 but recovered slightly to trade at 0.7347 levels in afternoon US session.
   
• The pair remains under bears control unless until it trades below 0.7405 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, immediate resistance can be seen at 0.7355, a break above this level would take the pair towards next resistance level at 0.7405.
   
• To the downside immediate support can be seen at 0.7309, a break below this level will open the door towards next level at 0.7286.​
  
  Resistance Levels
  
  R1: 0.7355 (50% Retracement level)  
  
  R2: 0.7405 (61.8% Retracement level)
  
  R3: 0.7471 (Jan 11th high)​
  
  Support Levels
  
  S1: 0.7309 (38.2% Retracement level)
  
  S2: 0.7286 (Jan 9th lows)
  
  S3: 0.7250 (23.6% Retracement level