Growth of AUD/USD Continues

Technical Reports

Trading in the pair is on the upside, as a recoil from 0.7500 goes on. Pivot points are at: (S1) 0.7717; (P) 0.7723; (R1) 0.7734.

Further corrective increase is expected. Upside should be limited by resistance 0.7732/8. 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.