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FxWirePro- Woodies pivot (Major) 
- AUD/USD is extending decline for 3rd straight session, hovers around 200-DMA t 0.7531.
- Short term technicals are showing signs of exhaustion, 100-DMA weighs on the upside.
- Pair failed to takeout 100-DMA last week, momentum indicator heads lower.
- Stochs are on the verge of rollover from overbought levels, RSI points south.
- Decisive break below 200-DMA could see further downside, 38.2% Fib at 0.7489 next bear target.
- Violation at 38.2% Fib finds next major support at 0.7469 (20-DMA).
- We see bearish invalidation only on close above 100-DMA at 0.7556.
Support levels - 0.75, 0.7489 (38.2% Fib of 0.7749 to 0.7328 fall), 0.7469 (20-DMA)
Resistance levels - 0.7531 (converged 5 & 200-DMA), 0.7556 (100-DMA & trendline), 0.7588 (61.8% Fib)
Recommendation: Good to go short on decisive break below 200-DMA (0.7531), SL: 0.7560, TP: 0.75/ 0.7470/ 0.7430
