AUDUSD analysis for 05.10.2016

AUDUSD is massively under the influence of RBA’s decision leaving the rate unchanged. The support rests in 0.75970 with resistance at 0.76450 which both lines are below the weekly pivot point at 0.76510. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is positive territory heading down and the Stochastic is moving horizontally in its low ranges. The pair may continue its bullish trend targeting 0.7650.

https://fxglory.com/audusd-analysis-for-05-10-2016/