Australia has released Westpac Leading Index MoM and the US is publishing Building Permits MoM and Housing Starts.
The support rests in 0.79100 with resistance at 0.79360 which both lines are above the weekly pivot point at 0.77480. 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 moving in overbought area, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. 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 targeting 0.80 area.

audusd analysis