AUDUSD analysis for 15.12.2016

The Australian Consumer Confidence index has left a positive impact on AUD. The support rests in 0.74000 with resistance at 0.74360 which both lines are below the monthly pivot point at 0.74900. 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 in oversold area, the MACD indicator is falling towards the negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The chart is forming the correction pattern therefore buyers can target 0.7550.


https://fxglory.com/audusd-analysis-for-15-12-2016/