AUDUSD analysis for 22.09.2016

AUDUSD is chiefly under the influence of oil prices. The support rests in 0.76170 with resistance at 0.76530 which both lines are above the weekly pivot point at 0.75000. The EMA of 10 is moving with bullish bias along the ascendant channel and it has crossed the EMA of 100. The RSI is moving in overbought area, above the 50 level, the MACD indicator is positive territory and the Stochastic is moving horizontally in high ranges. Long positions are recommended with the target at 0.7650.

https://fxglory.com/audusd-analysis-for-22-09-2016/