Tuesday, January 16, 2018

AUDUSD analysis for 16.01.2018

Australia has published New Motor Vehicle Sales. The support rests at 0.79480 with resistance at 0.79820 which both lines are above the weekly pivot point at 0.78810. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. The resistance level breakout will smooth the way for further growth towards 0.81. https://fxglory.com/audusd-analysis-for-16-01-2018/

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