Further Growth in AUD/USD is Awaited

Technical Reports

Trading in the pair is on the upside and further increase is expected. Pivot points are at: (S1) 0.7917; (P) 0.7965; (R1) 0.8053.

Growth from 0.7328 can widen. Overcoming of support 0.7877 will indicate a short term top.

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.