AUDUSD analysis for 13.04.2017

Australia has published Consumer Inflation Expectations, AUD Participation Rate and Unemployment Rate. The support rests in 0.75730 with resistance at 0.76210 which both lines are above the weekly pivot point at 0.75440. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is moving in the overbought area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. The 0.76 level of resistance seems to be too strong to be broken therefore the pair might continue its bullish trend for a short time but it will drop towards 0.7450 soon. https://fxglory.com/audusd-analysis-for-13-04-2017/