AUDUSD analysis for 05.02.2019
The central bank decision regarding keeping the interest rates unchanged give bullish momentum to AUD.
The support rests at 0.71750 with resistance at 0.73070 which the weekly pivot point at 0.72270 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.731.