AUDUSD is climbing up the ascendant channel creating higher highs and higher lows.
The support rests in 0.76650 with resistance at 0.76890 which both lines are above the weekly pivot point at 0.76560. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is growing above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The resistance area seems to be too strong to be broken therefore short positions are recommended targeting 0.7600.

audusd analysis