FxWirePro: Short AUD/USD on close below 200-DMA at 0.7259

• AUD/USD trades with a major downward bias.
   
• The pair has broken major supports:- 1) Trendline @ 0.7555, 2) 55-EMA @ 0.7525, 3) 110-EMA @ 0.7415, 4) 200-DMA @ 0.7259.
   
• The pair has edged higher from session lows at 0.7245, and holds above 61.8% Fib retrace of Jan to Apr rally at 0.7212.
   
• Strong US data on Friday (retail sales and consumer sentiment soared) along with Tuesday's upcoming RBA minutes likely to cap upside in the pair.
   
• Close below 200-DMA at 0.7259 will see test of 0.7212. Break below could see test of 0.7043 (78.6% Fib).
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Recommendation: Short on close below 0.7259, SL: 0.7330, TP: 0.7210/0.7150/0.71/0.7050