Fall in AUD/USD is Resuming

Technical Reports

Trading in the pair is on the downside, as decline from 0.8124 is resuming. Pivot points are at: (S1) 0.7622; (P) 0.7661; (R1) 0.7695.

Overcoming of resistance 0.7694 will indicate a short term bottoming and trading will back to the upside for resistance 0.7896.

Corrective growth from a medium term bottom 0.6826 has completed at 0.8124. Overcoming of 0.6826 will target 61.8% projection of 1.1079 to 0.6826 from 0.8124 at 0.5496. A long term downtrend from 1.1079 should renew.