Recovery of AUD/USD Continues

Technical Reports

Trading in the pair is neutral. Pivot points are at: (S1) 0.7799; (P) 0.7831; (R1) 0.7856.

Upside should be limited by 0.7896. The pair might form a short term top. Overcoming of minor support 0.7804 will back trading to the downside.

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.