The AUD/USD Has Slightly Restored
Trading is on the downside, as decline from 0.8135 continues. The pair has recovered mildly after support from 55 day EMA. Pivot points are at: (S1) 0.7856; (P) 0.7883; (R1) 0.7930.
Overcoming of 0.7854 will point out completion of the growth from 0.7500 and bring a deeper decline. Break of 0.7953 will back trading to the upside for retesting maximum 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.