AUD/USD is slowly recovering from its recent decline. Hourly resistance is now at 0.7808 (01/09/2018 low). The technical structure suggests short-term increase.
In the long-term, the trend is turning positive, yet fails reaching key resistance at 0.8164 (14/05/2015 low). Key support 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.
. The technical structure suggests short-term increase.){kind=link}