Decline of AUD/USD Goes On

Technical Reports

Trading is on the downside, as decline from 0.8135 continues. The pair reaches the minimum 0.7847. Pivot points are at: (S1) 0.7850; (P) 0.7901; (R1) 0.7929.

Overcoming of 0.7854 will point out completion of the growth from 0.7500 and bring a deeper decline. Trading above minor resistance 0.7953 will become neutral, but recovery should be bounded below resistance 0.8135.

A medium term recoil from 0.6826 is corrective, which might prolong. Upside should be bounded by resistance from 38.2% retracement of 1.1079 to 0.6826 at 0.8451.Overcoming of support 0.7500 will point out completion of the corrective recoil.