AUDUSD analysis for 12.12.2017

NAB Business Confidence, Westpac Consumer Confidence Index and Westpac Consumer Confidence Change from Australia and Monthly Budget Statement and API Crude Oil Stock Change from the US are the most influential reports for AUDUSD. The support rests in 0.75190 with resistance at 0.75670 which the weekly pivot point at 0.75540 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a downward trend. The indicators are showing mixed signals. The resistance area seems to be too strong to be broken therefore the price may rise near it but it will fall towards 0.725. https://fxglory.com/audusd-analysis-for-12-12-2017/