Fall of AUD/USD Has Resumed

Technical Reports

Trading is on the downside, as overcoming of 0.7758 suggests resumption of a drop from 0.8135. Pivot points are at: (S1) 0.7741; (P) 0.7780; (R1) 0.7799.

Running decrease should aline 100% projection of 0.8135 to 0.7758 from 0.7988 at 0.7611, but overcoming of resistance 0.7988 will point out completion of the fall.

A medium term recoil from 0.6826 is a correction, 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.