AUDUSD has been fluctuating between the support and resistance area since the middle of March.
The support rests in 0.76300 with resistance at 0.76690 which the weekly pivot point at 0.76580 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the MACD indicator is in neutral territory and the Stochastic is in low ranges. The ADX is not showing any clear signals.
The pair will continue its bullish trend within Andrews’ pitchfork targeting 0.7685.

audusd analysis