AUDUSD analysis for 29.07.2020

Consumer Price Index, RBA Trimmed Mean CPI and RBA Weighted Median were released in Australia and the US will publish FOMC Rate Decision, FOMC Statement and FOMC Press Conference.
The support rests at 0.71380 with resistance at 0.72010 which both lines are above the weekly pivot point at 0.70870. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. 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.
Long positions are recommended towards 0.72100.

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Source: fxglory