AUDUSD is now seen resisted at 0.7540 and the sideway consolidation movement as seen in H4 chart after the previous wave of depreciation from 0.76765 is coming to an end soon.

Additionally, RBA cash rate will be released next week Tuesday @ 12:30pm with a high probability of a rate cut considering that the current currency level is still at an uncomfortable level for RBA.

AUDUSD H1 ChartAUDUSD.H1 20160729 RBA Rate Cut

Look for sell opportunity and my recommended stop loss is to set @ 0.7620. For more aggressive one, you can consider 0.7594.

AUDUSD H4 ChartAUDUSD.H4 20160729 RBA Rate Cut

If RBA cut rate and AUDUSD fall, potential TP I am looking at 0.7325.

To add on further, it may go way beyond if NFP results turn out to be strong and USD strengthen further.