Aussie is currently trading above the key support level at 0.76454 and below the resistance level at 0.76629. A decisive bullish wave will clear the resistance at 0.76629 and will trigger a buy signal. Provided that the positive sentiment remains intact, Aussie will eye the immediate targets at 0.76699 and 0.76734. A predefined initial stop loss is highly recommended at the swing's bottom at 0.76454 to minimize risk.
If AUDUSD fails to withstand the sellers' pressure, the bullish scenario will be eliminated and a sell signal will be put in place at 0.76454.