The AUD/USD is developing corrective wave B of medium term uptrend - colored magenta in the chart. The targets of the corrective downwave are Fibonacci retracements of 0.9803-1.0076, 0.9855-1.0076.
Supports:
- 0.9940-39 = confluence area of .618 and .50 retracements
- 0.9907 = .618 retracement
If the uptrend continues and the price breaks above 1.0076 the nearest resistances will be Fibonacci retracements of 1.0255-0.9803.
Resistances:
- 1.0082 = .618 retracement
- 1.0148 = .764 retracement
Overbought/Oversold