On Thursday, the Australian dollar rose above the 200-day simple moving average, which is currently hovering around $0.7314, for a second day in a row. We see a significant level of resistance at $0.7501, which is protected by weekly prime resistance between $0.7849-0.7599. There appears to be a general aversion to the idea of substantial gains.
The price line has a pivot point above it at 0.73280, with support at 0.72980 and resistance at 0.71640. The EMAs of 200, 100 are moving upward, and the EMA of 10 crossed the EMA of 100 with an upward signal. The MACD starts its negative zone, with the signs indicating a down trend. The Stochastic and RSI indicators are moving toward low ranges and the ADX is not indicating a clear trend.
The price is above the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are moving with uptrend.

• There is resistance at 0.73430, followed by resistance at 0.73730 and 0.73780.
• There is support at 0.72980 Below, there is 0.72830 and 0.72530.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.