Price Moves in AUD/USD Are Corrective

Trading in the pair is neutral. Price moves from 0.7500 are corrective. Pivot points are at: (S1) 0.7644; (P) 0.7663; (R1) 0.7681.

Break of 0.7500 will renew decline from 0.8124. Upside should be limited by resistance from 0.7732. Overcoming of 0.7732 will bring stronger growth through 61.8% retracement at 0.7886.

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.