AUD has been under pressure due to the weak Australian Employment report and the interest rate differential between the US Treasury Bonds and the Australian Government Bonds.
The support rests at 0.75450 with resistance at 0.75710 which both lines are below the weekly pivot point at 0.75880. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the MACD line is above the signal line in positive territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.74.

audusd analysis