FXStreet (Edinburgh) - After testing the area of 0.7190 during the European morning, AUD/USD has retaken the 0.7200 mark and advanced towards 0.7220. AUD/USD found support in the mid-0.7100s The pair is reverting the negative start of the week so far, extending the rebound from Monday’s troughs near 0.7150 and trading back above the critical 0.7200 handle. At his speech today, RBA Governor G.Stevens has sounded upbeat regarding growth prospects for the domestic economy, although he stressed that the central bank remains prepared to act if needed. AUD/USD levels to consider As of writing the pair is advancing 0.35% at 0.7215 with the next resistance at 0.7298 (76.4% Fibo of 0.7386-0.7012) followed by 0.7386 (monthly high Oct.12) and then 0.7441 (monthly high Aug.14). On the other hand, a breakdown of 0.7147 (55-day sma) would open the door to 0.7101 (23.6% Fibo of 0.7386-0.7012) and finally 0.7000 (psychological level). For more information, read our latest forex news.