Consolidation in AUD/USD Continues

Technical Reports

Trading in the pair is neutral, as a consolidation above temporary minimum 0.7732 goes on. Pivot points are at: (S1) 0.7749; (P) 0.7773; (R1) 0.7800.

A medium term growth from 0.7382 is possibly completed at 0.8124. Overcoming of minor resistance 0.7874 will indicate completion of the fall.

Growth from a medium term bottom 0.6826 is a corrective. Upside of the pair should be limited be resistance from 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Overcoming of 0.7328 will bring retest of minimum 0.6826.