AUD/USD
The pair remains supported and continues to trend higher, as upside acceleration through psychological 0.9600 barrier, tested near-term target at 0.9664, 14/06 peak and Fibonacci 61.8% expansion of the third wave from 0.9280 higher low. Break here to open psychological 0.9700 barrier and 0.9714, 50% retracement of larger 1.0581/0.8846 descend, net targets. 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, corrective easing is seen as likely near-term scenario, as 4-hour RSI is in overbought territory and studies are overextended. Immediate supports lay at 0.9641/00, with previous peak at 0.9526, also 38.2% retracement of 0.9280/0.9678 rally, expected to contain.
Resistance: 0.9678; 0.9700; 0.9714; 0.9770
Support: 0.9641; 0.9600; 0.9546; 0.9526
AUD/USD Hour Chart" title="AUD/USD Hour Chart" width="800" height="400" src="https://d1-invdn-com.akamaized.net/content/pice173d1f1e346a9921e0549171b72043b.png">