NAB Business Confidence was published and AUD was supported by the data form the Trade Balance.
The support rests at 0.75880 with resistance at 0.76440 which the weekly pivot point at 0.76660 is located above 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 below level 50, the MACD line is in the positive territory and the Stochastic is moving in high rages. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
The resistance level breakout will confirm the bullish trend towards 0.77000.

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