The Australian dollar is acting weak against the USD. RBA Deputy Governor Guy Debelle Speaks.
The support rests at 0.71990 with resistance at 0.72490 which both lines are below the weekly pivot point at 0.72960. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.71700.
