Australia has published Balance of Trade and Exports and Import MoM and later the US will release Balance of Trade and the unemployment claims.
The support rests in 0.78160 with resistance at 0.78460 which both lines are below the weekly pivot point at 0.78670. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is falling towards the oversold area, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
AUDUSD will continue its bearish trend towards 0.778.

audusd analysis