There are no major economic reports in Australia and the US. AUDUSD will be chiefly under the influence of macroeconomic reports.
The support rests at 0.69230 with resistance at 0.69900 which the weekly pivot point at 0.69570 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 the EMA of 100. The RSI is falling towards level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.70000.
