Growth in AUD/USD Has Resumed

Trading in the pair is on the upside for 61.8% projection of 0.6826 to 0.7833 from 0.7328 at 0.7950. Pivot points are at: (S1) 0.7780; (P) 0.7809; (R1) 0.7826.

Growth in the pair resumed and reached maximum 0.7903. Trading below 0.7785 will become neutral and bring consolidation.

Corrective recoil from 0.6826 is developing into a medium term growth. Further increase in the pair is awaited to 55 month EMA (now at 0.8100) and above. Overcoming of support 0.7328 will point out completion of the recoil.