AUDUSD analysis for 10.04.2017

AUD is getting weak by the disappointing Performance of Construction Index. The support rests in 0.74590 with resistance at 0.75210 which both lines are below the weekly pivot point at 0.75440. The EMA of 10 is moving with bearish bias along the descendant channel 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 in negative territory and the Stochastic is in low ranges. The ADX is showing buy signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. According to the indicators, AUDUSD must continue its bearish trend targeting 0.74 area. https://fxglory.com/audusd-analysis-for-10-04-2017/