AUD/USD recovery resumes, approaching 0.79 range. The pair is trading between hourly support and resistance at 0.7773 (14/02/2018 low) and 0.7999 (17/01/2018 high). The shortterm technical structure suggests further upside moves.
In the long-term, the upward trend slows down after failing to reach 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.
 and 0.7999 (17/01/2018 high). The shortterm technical structure suggests further upside moves.){kind=link}