FxWirePro: Breaks above 0.7285 could see further bullishness in AUD/USD

RBA decision once again turned out be a non-event, the Aussie was little impacted  and held onto the gains.

• AUD/USD has edged lower after hitting highs at 0.7283 on the day, is trading above the 0.7250 handle at 0.7268
   
• The pair continues to consolidate near recent highs, faces major resistance at 0.7285, breaks above could see the pair at 0.7364 levels
   
• RSIs are biased up & the pair is back above the daily cloud and 10& 100-DMAs, we see scope for further gains, breaks above 0.7285 will be crucial
   
• The next hurdle above 0.7285 is located at 0.7297 (Daily High Oct 23), while on the downside supports are seen at 0.7216 (Daily Cloud Top) and then at 0.7200 (10 & 100-Day MAs)
   
• Bullish invalidation on breaks below 0.7200, pair might then revisit 0.7100 levels

Resistance Levels:

R1: 0.7283 (Daily High Nov 25)

R2: 0.7285 (Trendline)

R3: 0.7297 (Daily High Oct 23)

Support Levels:

S1: 0.7220 (Session lows Dec 1)

S2: 0.7216 (Daily Cloud Top)

S3: 0.7200 (10 & 100-Day MAs)