AUDUSD analysis for 27.09.2016

AUDUSD is chiefly under the influence of oil prices. The support rests in 0.76020 with resistance at 0.76980 which both lines are above the weekly pivot point at 0.75840. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 100. The RSI is moving in overbought area, above the 50 level, the MACD indicator is positive territory and the Stochastic is moving horizontally in its high ranges. The 0.7698 level seems to be a strong resistance area, pullback can occur at anytime soon targeting 0.7540.

https://fxglory.com/audusd-analysis-for-27-09-2016/