Last week USD was weakened by lower-than-expected U.S. producer and consumer inflation data.
The support rests at 0.71430 with resistance at 0.71740 which the weekly pivot point at 0.71570 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level breakthrough can push the price up towards 0.72, otherwise, AUDUSD will continue its bearish trend towards 0.71.