AUDUSD – strong recovery dents Fibo barrier at 0.8054 ahead of Fed

The Aussie rallies further on Wednesday after Outside Day pattern was formed on Tuesday, signaling reversal.
Extended bullish acceleration today broke above pivotal barrier at 0.8032 (daily Tenkan-sen) which repeatedly capped upside attempts and dented next important resistance at 0.8054 (Fibo 61.8% of 0.8124/0.7939 pullback.
With daily studies returning to full bullish setup, near-term focus turns higher and close above broken Tenkan-sen is needed for stronger bullish signal, while close above Fibo 61.8% barrier would confirm scenario and re-expose recent peak at 0.8124.
Fed’s tone however, is expected to have the key influence on pair’s near-term action.

Res: 0.8057; 0.8081; 0.8124; 0.8164
Sup: 0.8032; 0.8010; 0.7995; 0.7970