The AUD/USD Has Slightly Restored

Technical Reports

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.