AUDUSD analysis for 01.02.2017

AUD has been supported by the Private Sector Credit. The support rests in 0.75370 with resistance at 0.75910 which the weekly pivot point at 0.75550 is located in between the lines. The EMA of 10 is moving horizontally and it is located above the EMA of 100 and the EMA of 200. The RSI is rising above the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing horizontal trend. Long positions are recommended targeting 0.760 area. https://fxglory.com/audusd-analysis-for-01-02-2017/