• Aussie bears look unlikely to give up anytime soon, AUD/USD pares some of the RBA induced gains
  
  
• AUD/USD had earlier in the Asian session spiked to day's high by 0.7378 on a broadly positive RBA statement
  
  
• At the time of writing AUD/USD is trading at 0.7363, slightly lower heading into European open
  
  
• Immediate resistance is seen at 0.7391 (Session High Aug 6), while support on the downside lies at 0.7315 (Session low August 6)
  
  

Resistance Levels:

R1: 0.7391 (Session High Aug 6)

R2: 0.7398 (Daily High Aug 5)

R3:0.7419 (Session High Aug 4)

Support Levels:

S1: 0.7315 (Session low August 6)

S2: 0.7313 (10-Day MA)

S3: 0.7264 (Daily Low Aug 4)