The AUD/USD Has Recovered After Fall

Trading is neutral, as the pair has recovered after support from 0.7807. Pivot points are at: (S1) 0.7817; (P) 0.7839; (R1) 0.7878.

Overcoming of 0.7807 will argue a short term trend reversal. Trading above minor resistance 0.7938 will back to the upside for retesting of a maximum 0.8124.

Growth from medium term bottom 0.6826 goes on. Break of 55 month EMA (now at 0.8090) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Overcoming of support 0.7807 will point out completion of the recoil.