Aussie probes high during the year, beware of callback pressure

RSI and Stochastic Index are in the overbought area, but shows sign of decline. Need to pay attanetion if exchange rate fall below the previous monthly high if 0.7820, AUD will start to adjust. Calculated by the golden ratio, the 38.2% callback rate is 0.7555, and the range of expansion to 50% and 61.8% are 0.7450 and 0.7340 respectively. Upper resistance at 0.80 mark to 200 monthly averge line of 0.8255.

Estimated volatility:
Resistance 0.7819 - 0.7855 - 0.8000*
Support 0.7505* - 0.7405 - 0.7305 - 0.7230

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