AUDUSD analysis for 17.02.2017

AUD ignored the Unemployment data and AUDUSD is climbing up the ascendant channel. The support rests in 0.76750 with resistance at 0.77230 which both lines are above the weekly pivot point at 0.76560. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward 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 while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 0.7800. https://fxglory.com/audusd-analysis-for-17-02-2017/