AUD is getting popular due to the high Copper demand however, USD is still weakening because of Trump’s speech.
The support rests in 0.75640 with resistance at 0.76160 which both lines are above the weekly pivot point at 0.75330. 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 falling towards the 50 level, the MACD indicator is in the positive territory and the Stochastic is moving in high ranges. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Considering the bullish indicators, long positions are recommended targeting 0.7600 area.

audusd analysis