FXStreet (Guatemala) - AUD/USD remains within the tight range after positive Q3 GDP overnight supporting the Aussie on the 0.73 handle while investors stand aside and await the long awaited Nov Nonfarm Payrolls and the forthcoming FOMC decisions. The hard work has been done by the bulls who are now resting up by the descending resistance trend line on the 0.73 handle, albeit short of the October highs, leaving some room to go on the upside should the appetite come about. However, with today's ADP report that countered the negativity of yesterday's ISM shocker in a continued contraction in the US manufacturing sector, the greenback has come back into vogue and in recent trade, Yellen was offering bullish rhetoric and a hawkish tone in respect to the December rate decision. Fed Yellen: Delaying the lift-off too long could lead to abrupt tightening later "In prepared remarks at the Economic Club of Washington she added that labor market gains bolster her confidence in a return of inflation to 2 percent as the disinflationary effects of declines in energy and import prices wane...and that delaying the lift-off too long could lead to abrupt tightening at a later date " noted Ani Salama, economist at FXStreet. AUD/USD levels Technically, only a break of the 200 DMA at 0.7467 as a major barrier to the upside would alleviate downside pressure in the medium to long run. Should bulls step out and the price drops below the 0.73 handle, the 55 SMA at 0.7247 on the hourly time frames come as the next potentially strong level of support. Should the 0.7200 psychological level give out as well, where the 100 DMA is located, a subsequent break of the 55 DMA at 0.7165 would likely confirm a continuation of the bearish trend towards the 0.7017 November low and the September low at 0.6940. For more information, read our latest forex news.