AUDUSD analysis for 21.10.2016

AUD is getting weaker than USD. The support rests in 0.76100 with resistance at 0.76460 which both lines are above the weekly pivot point at 0.75950. The EMA of 10 is moving with bearish bias and it is located above the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The pair will rise to 0.7650 so long positions are recommended at the moment.

https://fxglory.com/audusd-analysis-for-21-10-2016/