• Antipodeans rebounded from the recent hammering, tracking the bounce witnessed in commodities on Tuesday
  
  
• Australian dollar clambered back up to $0.7223, having struck a 6-1/2-year trough of $0.7044 overnight
  
  
• Currently AUD/USD is paring some of its solid early gains ahead of the European open as USD bulls fighting back lost footing 
  
  
• At the time of writing AUD/USD is trading at 0.7189, after making a day's high at 0.7232 and lows at 0.7127
  
  
• Immediate resistance for the pair is seen at 0.7230 ahead of 0.7285 (Aug 20-21 Lows)
  
  
• Support is located at Monday's close of 0.7155, and then at 0.7044 (Session Low Aug 24)
  
  

Resistance Levels:

R1: 0.7230 

R2: 0.7285 (Aug 20-21 Lows)

R3: 0.7336 (21 DMA)

Support Levels:

S1: 0.7155 ( Monday's close)

S2: 0.7044 (Session Low Aug 24)

S3: 0.6990 (Daily Low Apr 28 2009)