AUD was empowered by the Positive sentiment around base metals. The support rests in 0.74380 with resistance at 0.74980 which both lines are above the weekly pivot point at 0.74030. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD indicator is moving in neutral zone and the Stochastic is showing upward momentum. The ADX is showing a buy signal at the moment. Long positions are recommended targeting 0.7500 area.
AUDUSD analysis for 28.11.2016
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