AUDUSD analysis for 15.11.2016

The Chinese economic data is leaving impacts on AUDUSD. The support rests in 0.75260 with resistance at 0.75760 which both lines are below the weekly pivot point at 0.76150. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the MACD indicator is in negative territory and the Stochastic is moving in neutral area. The ADX is not showing any clear signal at the moment. Short positions are recommended targeting 0.7500.

https://fxglory.com/audusd-analysis-for-15-11-2016/