Just like all the other pairs involving USD, AUDUSD is on bullish trend due to USD weakness. Monetary Policy Meeting Minutes was published and Leading Index (Conference Board) will be released in Australia.
The support rests at 0.77390 with resistance at 0.78470 which the weekly pivot point at 0.76940 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD line is in the positive 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 an upward trend.
The bullish pressure is pushing the price towards 0.78850.
