AUDUSD analysis for 16.06.2017

Being under the influence of the gold market, AUD seems to be acting strong. The support rests at 0.75770 with resistance at 0.76060 which both lines are above the weekly pivot point at 0.75040. 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 horizontally on the 50 level, the MACD indicator is in positive 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 is showing a downward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 0.7750. https://fxglory.com/audusd-analysis-for-16-06-2017/