Short Term Top Was Formed in AUD/USD

Technical Reports

Trading in the pair is on the downside, as a short term top was formed at 0.8065. Pivot points are at: (S1) 0.7885; (P) 0.7914; (R1) 0.7941.

Overcoming of 0.8065 will confirm resumption of the growth, Recoil in the pair is possible.

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.