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- AUD/USD rally in response to upbeat Australian economic releases halts at stiff trendline resistance at 0.7636.
- The immediate focus now remains on the RBA cash rate announcement due out shortly.
- The pair has broken 20-DMA at 0.7615 and Techs are heavily bullish.
- Major support levels - 0.7615 (20-DMA), 0.76, 0.7581 (session low).
- Major resistance levels - 0.7636 (trendline), 0.7655 (Aug 23 high), 0.7691 (Aug 15 high).
Recommendation: Go long on break above 0.7636, SL: 0.7610, TP: 0.7690/ 0.77
