AUDUSD analysis for 19.12.2017

Australia has published RBA Meeting Minutes and the US will release Housing Starts and Building Permits. The support rests at 0.76500 with resistance at 0.76880 which both lines are above the weekly pivot point at 0.76120. The EMA of 10 is moving with bullish bias along the ascendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. AUDUSD will continue its bullish trend towards 0.775. https://fxglory.com/audusd-analysis-for-19-12-2017/