AUDUSD analysis for 29.07.2016

The Fed announced that the rates will be unchanged at the moment therefore USD is under pressure. The support line for AUDUSD lies at 0.75170 with resistance at 0.75480 which both lines are above the monthly pivot point at 0.74320. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100. The RSI is falling down towards the 50 level, the MACD indicator is moving in neutral area and the Stochastic is showing downward momentum. Sellers can target 0.7400 for this pair today.

https://fxglory.com/audusd-analysis-for-29-07-2016/