AUDUSD grew to 0.763 area as the result of dovish Fed minutes.
The support rests at 0.75980 with resistance at 0.76430 which both lines are above the weekly pivot point at 0.75940. 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 rising towards the overbought area, 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 above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance line is too strong to be broken therefore short positions are recommended towards 0.75.

audusd analysis