RBA Interest Rate Decision and RBA Monetary Policy Statement were released. AUDUSD has been decline for almost a month.
The support rests at 0.70320 with resistance at 0.71010 which the weekly pivot point at 0.70620 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.71200 followed by bearish trend targeting 0.69700.