FxWirePro :Aussie pares losses in European session, good to sell on rallies

• RES 4 : 0.7532 (Jul 6^th high)
  
  
• RES 3: 0.7500
  
  
• RES 2: 0.7470 (Jul 13^th high)
  
  
• RES 1: 0.7420 ( 20 day 4 H EMA)

      PRICE: 0.73982 @ 10:58 GMT 

• SUP 1: 0.7400
  
  
• SUP 2: 0.7370 (Jul 8^th low)

• SUP 3: 0.7326

• SUP 4: 0.7297 (161.8% retracement of 0.7371 and 0.74906)

Commentary:

AUD/USD has broken major support 0.7375 and this confirms short term bearishness , decline till 0.7300 cannot be ruled out.

On the higher side minor resistance is around 0.7400 and break below will target 0.7435/0.7470.

Overall bearish invalidation only if it closes above 0.7500.

It is good to sell on rallies around 0.7400 with SL around 0.7435 for TP of 0.7310.