AUD/USD Price Analysis: Pullback risks mount

• AUD/USD's daily chart shows signs of bull fatigue. 
• A pullback to the 10-day SMA could be seen.

AUD/USD is now trading largely unchanged on the day near 0.7532, having printed a high of 0.7546 early today. 

The long upper wicks attached to the previous two daily candles indicate uptrend exhaustion and add credence to the above-70 or overbought reading on the 14-day Relative Strength Index. 

As such, a pullback to the 10-day Simple Moving Average (SMA) could be in the offing. The ascending SMA is currently located at 0.7468. A violation there would expose the Sept. 1 high of 0.7413. On the higher side, Monday's peak price of 0.7578 is likely to offer resistance. 

Daily chart

Trend: Bearish

Technical levels