AUD/USD holding below 7640 targets 7620/17 then 7590/85. A break lower meets quite strong support at 7560/55 and a bounce from here is expected today. However, if we continue lower in to the end of the week, we meet much stronger support on the weekly chart at 7520/10. This would be an excellent buying opportunity if hit. Try longs with stops below 7470.
Above 7650 targets minor resistance at 7676/80 then trend line resistance at 7700/05. Shorts need stops above the October highs at 7734, but bulls need to clear the August highs at 7750/51 to start a bull trend.