FxWirePro: AUD/USD upside stalls shy of 0.77 handle, bias higher, good to long dips

• Aussie buoyed in early Asian session on the back of upbeat Australia retail sales data.
   
• Australia's Sept retail sales came at +0.6% vs 0.4% expected and 0.4% last.
   
• Also, RBA’s SoMP signals no near-term rate cut, keeps growth and inflation outlook unchanged.
   
• AUD/USD broke major resistance at 0.7675 on Thursday, extends gains today, but upside stalls shy of 0.77 handle.
   
• The pair has edged lower and is currently holding above trendline support at 0.7670.
   
• Intraday bias higher, we see upside intact as long as 5-DMA support at 0.7656 holds.
   
• Break below 0.7656 could see drag upto 20-DMA at 0.7625.
   
• Major support levels - 0.7670 (trendline), 0.7656 (5-DMA), 0.7625 (20-DMA)
   
• Major resistance levels - 0.77, 0.7725 (trendline), 0.7734 (Oct 20 high)
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Recommendation: Good to go long on dips arouns 0.7665/75, SL: 0.7625, TP: 0.77/ 0.7725