AUDUSD analysis for 09.06.2017

The Australian banks are considering slowing down the investor loans. The support rests at 0.75220 with resistance at 0.75550 which both lines are above the weekly pivot point at 0.74290. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and above the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend. Despite the indicators sell signals, long positions are recommended targeting 0.7560. https://fxglory.com/audusd-analysis-for-09-06-2017/