AUD/USD (a 4-hour chart)
The Aussie softened when the RBA the left the rate unchanged on Tuesday.
The AUD/USD retreated from the 3-day highs on Tuesday. The overall outlook remains bullish and the current pullback is seen as consolidation. The price is approaching the level 0.7650. The moving averages kept heading higher in the 4 hours chart. The resistance is at 0.7700, the support stands at 0.7650.
MACD remained at the same level which confirms the strength of buyers. RSI remained within the overbought area.
A bullish continuation through 0.7700 should lead to a continued slide, with 0.7750 as the first probable target. A close below 0.7650 could extend the current weakening towards 0.7630.