During Thursday’s trade, the Australian dollar has risen considerably, bucking the trend that it had been following. As the US dollar continues to grow, this market is defying the current trend.
The price line has a pivot point above it at 0.71950, with support at 0.71780 and resistance at 0.72000. The EMAs of 200, 100, and 10 are reaching to the same point with a downward signal. It seems that both the RSI and MACD are going toward the negative zone, with the signs indicating an upward trend. The Stochastic indicator is low ranges and the ADX is indicating a downward trend.
The price is below the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are both in horizontal state.

• There is resistance at 0.72060, followed by resistance at 0.72170 and 0.72280.
• There is support at 0.71840 Below, there is 0.71730 and 0.71620.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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