AUDUSD analysis for 09.02.2017

AUD was supported due to copper demand. The support rests in 0.76270 with resistance at 0.76720 which the weekly pivot point at 0.76340 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 moving on 50 level, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The chart seems bullish for today targeting 0.7700. https://fxglory.com/audusd-analysis-for-09-02-2017/