There are no economic reports in the US therefore AUDUSD is under the influence of some minor economic reports in Australia such as TD-MI Inflation Gauge MoM and Company Gross Profits QoQ.
The support rests at 0.79480 with resistance at 0.79760 which both lines are above the weekly pivot point at 0.79440. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will smooth the way for further decline towards 0.792.

AUDUSD analysis

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