AUD/USD’s upside pressure is weakened. Supporting trend channel is almost reached. New resistance point is at 0.8040 (19/01/2018 high). Support at 0.7849 (12/01/2018 low) is distanced. The technical structure indicates further short-term downside move.
In the long-term, the trend is turning positive. Key supports stands at 0.6009 (31/10/2008 low). A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.