FxWirePro: AUD/USD upside capped below 20-DMA at 0.7638, good to go long on break above

• AUD/USD trades 0.23 pct higher on the day, but upside in the pair finds stiff resistance by 20-DMA at 0.7638.
   
• Techs are mildly bullish, strength in RSI which is currently at 53.6 levels, Stochs are on the verge of a bullish crossover from oversold zone.
   
• A decisive break above 20-DMA will see gains upto 0.7750 (major trendline resistance).
   
• On the downside we see strong support at 0.7560 (trendline and 50-DMA), break below will drag the pair to 0.75 (100-DMA).
   
• Further weakness could see test of 0.7420 (July 27 low).
   
• US GDP figures due later in the NA session, along with Yellen’s speech at Jackson Hole in focus for further direction.    ​

Recommendation: Long break above 20-DMA, target 77.50.