USD has been supported by the Core Durable Goods data and the talks of tax reform.
The support rests at 0.77910 with resistance at 0.78690 which both lines are below the weekly pivot point at 0.79900. The EMA of 10 is moving with bearish bias within the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
AUDUSD will continue its bearish trend towards 0.7750.

audusd analysis