Trader response to the pivot at 0.72430 will likely decide the AUD/USD’s path on Friday. In the wake of yesterday’s big rise, the Australian dollar is trading lower on Friday. Early in the day, the Australian dollar is being weighed down by a number of reasons, including a small increase in US Treasury rates and the US Dollar, a decrease in demand for riskier assets, and a rise in the price of commodities.
The support rests at 0.72550 with resistance at 0.72420 which the Pivot Point at 0.72170 is located below the price line. The EMA of 10 is moving in slight bullish bias below the EMA of 100 and EMA of 200. The RSI is going toward the overbought area, the MACD histogram is in positive territory. The Stochastic is moving horizontally toward high ranges and the ADX is showing an upward momentum.
The price is above the Ichimoku Cloud and the Chinkou Span is far away the market price. The Tenkan-sen and the Kijun-sen are reaching to the same point.

• There is resistance at 0.72420, followed by resistance at 0.72550 and 0.72800.
• There is support at 0.72550 Below, there is 0.71790 and 0.71660.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.