AUD was supported due to the positive Private Sector Credit. The support rests in 0.72060 with resistance at 0.72460 which both lines are below the monthly pivot point at 0.72950. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the MACD indicator is in the negative territory and the Stochastic is moving in low ranges. The ADX is showing a weak buy signal. Short positions are recommended targeting 0.715 area.
AUDUSD analysis for 03.01.2017
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