AUD/USD strong bounce from 0.7556(03/06/2018 low) continues, trading above 0.76and heading along 0.7640. A break of the strongresistance at 0.7917 (14/03/2018 high) is neededto invalidate the current short-term bearish bias.Hourly support remains at 0.7412 (09/05/2018low).
In the long-term, the upward trend slows downafter failing to reach key resistance at 0.8164(14/05/2015 low). Key support stands at 0.6011(28/10/2008 low). A break of the key resistance at0.8164 (14/05/2015 high) is needed to invalidateour long-term bearish view.