The market for the AUD is in the strong range and positive territory. So, we can expect a bullish signal on the chart. Australian Dollar Continues to Break Out and move above the level of 0.78. There is the possibility of a movement to the 0.80 level.
The support rests at 0.78160 with resistance at 0.78390 which the price is above the Pivot Point at 0.78310 located between the lines. The EMA of 10 is moving in bullish bias in the ascendant channel and it is above EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD histogram is in negative territory and the Stochastic is moving in low ranges. The ADX is showing buy signal.
The price is above the Ichimoku Cloud and the Chinkou Span is far away from the market price which shows a strong trend. The Tenkan-sen and the Kijun-sen are both showing an upward momentum.

• There is resistance at 0.78390, followed by resistance at 0.78540 and 0.78620.
• There is support at 0.78160 Below, there is 0.78080 and 0.77930.

AUDUSDanalysis