FxWirePro: Aussie struggles to break above 0.7500, good to sell on rallies

• RES 4: 0.7500
  
  
• RES 3: 0.7495 (Jul 13^th high)
  
  
• RES 2: 0.7436 (Jul 16^th high)
  
  
• RES 1: 0.7401 ( 20 day 4 H EMA)

      PRICE: 0.73905 @ 10:33 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 0.7435/0.7480.

Overall bearish invalidation only if it closes above 0.7500.

It is good to sell on rallies around 0.7400 with SL around 0.7440 for the TP of 0.7310