- AUD/USD is attempts to retake the 0.77 handle after hitting lows of 0.7691, but bears more dominant.
- Pair is struggling to extend gains beyond the 0.77 handle, downside likely to extend.
- The major has broken strong trendline support at 0.7735 on Friday's trade and Techs are indicative of further downside.
- 10-DMA at 0.7725 is immediate resistance on the upside ahead of 0.7749 (5-DMA) and then 0.7755 (trendline).
- On the downside supports are aligned at 0.7680 (Apr 15th lows), 0.7634 (double bottom Mar 31st and April 13th).
Recommendation: Good to sell rallies around 0.77/0.7710 levels, SL: 0.7750, TP: 0.7680/0.7650/0.7635
