The pair even climbed above the 61.8% Fib retracement level of the recent drop from the 0.6774 high to 0.6663 low. However, there is a major resistance waiting near the 0.6770-0.6780 area and the 100 SMA.If AUD/USD gains pace above 0.6770-0.6780, it could accelerate its recovery above 0.6800. In the mentioned case, the pair could climb back towards 0.6840 and 0.6850#AllforYou# #AUD/USD#
Ganline
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