AUDUSD is falling down along the descendant channel after reaching 0.77483.
The support rests in 0.75840 with resistance at 0.76270 which both lines are below the weekly pivot point at 0.76580. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the MACD indicator is in negative territory and the Stochastic is in low ranges. 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 downward trend.
The support area seems to be strong to be broken, creating a good opportunity for buyers to target 0.7680.

audusd analysis