Australia released MI Inflation Gauge and there will be FOMC Members’ talk in the US.
The support rests at 0.68860 with resistance at 0.69280 which the weekly pivot point at 0.69020 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a downward trend.
The support level breakthrough will push the price down towards 0.68700; otherwise AUDUSD will be fluctuating within the support and resistance lines.
