FxWirePro: AUD/USD largely muted post RBA’s status-quo, finds major trendline resistance at 0.77

• RBA kept its monetary policy steady as widely expected, maintaining a neutral stance.
   
• On the AUD level, the central bank reiterated that a stronger AUD may complicate economic adjustment.
   
• Aussie shows muted reaction to RBA’s status-quo, remains little changed near 0.7675 levels.
   
• Stochs are on the verge of a rollover from overbought territory, RSI has a neutral bias.
   
• The pair finds strong support at 0.76 level 20-day MA and rising trendline.
   
• Break below 0.76 to confirm weakness, drag till major trendline support at 0.7485 levels likely.
   
• Major trendline resistance seen at 0.77, upside only on break above.
   
• Major support levels - 0.7607 (cloud top), 0.7597 (20 DMA), 0.7589 (Sept 30 low) 
   
• Major resistance levels - 0.77 (trendline), 0.7723 (88.6% Fib), 0.7732 (Sept 8 high)
   
• Focus shifts towards tomorrow’s Aus retail sales data and RBA Kent’s speech for further momentum on the Aussie.
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Recommendation: Good to sell rallies around 0.7675/80/ SL: 0.7725, TP: 0.76/ 0.7590/ 0.7550