Upside of AUD/USD Should be Limited

Trading in the pair is neutral. Further corrective increase is expected. Pivot points are at: (S1) 0.7799; (P) 0.7821; (R1) 0.7852.

Overcoming of support 0.7964 will indicate completion of the recoil from 0.7500. Upside should be limited by resistance 0.7896.

Corrective growth from a medium term bottom 0.6826 has completed at 0.8124. Overcoming of 0.8124 will widen the growth from 0.6826 to 38.2% retracement of 1.1079 to 0.6826 at 0.8451.