FX:AUDUSD   Australian Dollar/U.S. Dollar
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The primary trend of AUD/USD             is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA downside indicating downtrend of the pair.
Resistance level of 0.7655 and Support level of 0.7540
If it breaks its suppport level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: AUD/USD             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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