AUD is under pressure as the result of National Australia Bank’s Business Confidence survey.
The support rests in 0.75600 with resistance at 0.75900 which both lines are above the weekly pivot point at 0.75540. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is rising above the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are showing a horizontal trend.
Long positions are recommended targeting 0.7750.

audusd analysis