USD is under pressure due to Yellen’s speech. There are no major economic reports in Australia.
The support rests at 0.79260 with resistance at 0.79500 which both lines are above the weekly pivot point at 0.79170. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in high ranges. 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 area seems to be too strong to be broken, therefore, the price might reach the resistance area to create a sell opportunity for sellers to target 0.7869.

audusd analysis