Fall Resumption In AUD/USD

Technical Reports

Trading is on the downside for 61.8% projection of 0.7676 to 0.7309 from 0.7452. Hitting of 0.7309 indicates resumption of the fall from 0.8135. Pivot points are at: (S1) 0.7347; (P) 0.7400; (R1) 0.7427.

The next target is 100% projection at 0.7085. Trading above minor resistance 0.7347 will become neutral.

A medium term recoil from 0.6826 is correction, which should be completed at 0.8135. Deeper fall is possible to retest minimum 0.6826. This will remain the favored case while resistance 0.7676 keeps.