AUD/USD
The pair remains supported as upside acceleration through psychological 0.9600 barrier, cleared near-term target at 0.9664, 14/06 peak and a Fibonacci at 61.8% expansion of the third wave from 0.9280 higher low. Psychological 0.9700 barrier and 0.9714, 50% retracement of larger 1.0581/0.8846 descends, come in near-term focus, however, rally is likely to be preceded by current consolidative action, with 0.9600 support expected to hold.
Extension of the third wave from 0.9280 higher low, could travel to 0.9905/18, Fibonacci 100% expansion and 61.8% retracement of 1.0581/0.8846, once 0.9700/14 barriers are cleared. Near-term studies are positive, however, 4-hour indicators moving from overbought territory, favor further consolidation. Only break below 0.9600 handle would delay and open next significant support at 0.9526, previous peak and 38.2% retracement of 0.9280/0.9678 rally.
Resistance: 0.9678; 0.9700; 0.9714; 0.9770
Support: 0.9641; 0.9600; 0.9546; 0.9526AUD/USD Hour Chart" title="AUD/USD Hour Chart" width="800" height="400" src="https://d1-invdn-com.akamaized.net/content/pic95d27082d3602874ee1f80da0eb46e90.png">