Decline in AUD/USD Continues

Technical Reports

Trading in the pair is on the downside for 0.7322/8 level. Pivot points are at: (S1) 0.7610; (P) 0.7630; (R1) 0.7651.

Decline from 0.8124 goes on. Trading above minor resistance 0.7649 will become neutral.

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.