FxWirePro: AUD/USD holds above 0.73 handle, bias lower, stay short

• Aussie ignores stronger commodities, AUD/USD extends grind lower.
   
• The pair is holding above major support at 0.73 levels, break below to see drag lower.
   
• Focus remains on remains Australia construction data, US durable goods data and FOMC minutes this week for further impetus.
   
• Major support levels - 0.73 (Trendline and psycholigical level), 0.7285 (June 16 low), 0.7280 (78.6% Fib)
   
• Major resistance levels - 0.7387 (61.8% Fib), 0.74, 0.7418 (5-DMA)
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-slips-below-074-handle-hits-fresh-5-month-low-of-07387-good-to-sell-rallies-409790) is progressing. TP1 hit.
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Recommendation: Lower trailing stops to 0.74, hold for 0.73/ 0.7280/ 0.7250

FxWirePro's Hourly AUD Spot Index was at -46.0144 (Neutral), while Hourly USD Spot Index was at 73.0645 (Neutral) at 0420 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex