Downtrend Resumption in AUD/USD is Possible

Technical Reports

Trading in the pair is on the downside, as fall continues. Pivot points are at: (S1) 0.7537; (P) 0.7555; (R1) 0.7567.

Decline from 0.8124 should target level at 0.7322/8. Trading above minor resistance 0.7607 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.