• The AUD/USD declined on Thursday, as commodity currencies weakened across the board after oil prices slipped towards $44 per barrel.
   
• The pair initially hit high at 0.7546, after finding buying interest around 0.7510 levels before retreating towards 0.7514 levels in the early US session.
   
• Currently, the currency pair is trading at 0.7514 levels, it is set to decline future towards 0.7450 and  0.7400 levels in the short term.
   
• To the upside, the strong resistance can be seen at 0.7567, a break above this level would take the pair towards next resistance level at 0.7609.
   
• To the downside, immediate support can be seen at 0.7494, a break below this level will open the door towards next level at 0.7445.
  
  Resistance Levels
  
  R1: 0.7529 (50% Retracement level)
  
  R2: 0.7567 (61.8% Retracement level)
  
  R3: 0.7609 (July 18th high)
  
  Support Levels
  
  S1: 0.7494 (38.2% Retracement level)
  
  S2: 0.7445 (23.6% Retracement level)
  
  S3: 0.7400 (Psychological levels)