Corrective Growth of AUD/USD Has Completed
Trading in the pair is neutral. Pivot points are at: (S1) 0.7853; (P) 0.7874; (R1) 0.7911.
Considering bearish divergence condition in 4 hour MACD, resistance zone 0.7896 is awaited to keep. Overcoming f 0.7886/96 will bring retesting of a maximum 0.8124.
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.