AUDUSD analysis for 19.11.2020
Unemployment Rate, Employment Change and Part Time Employment Change were released in Australia and the US will publish Unemployment Claims, Continuing Claims and EIA Natural Gas Storage Change.
The support rests at 0.0.72440 with resistance at 0.73270 which the weekly pivot point at 0.72770 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 oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing an upward trend.
Short positions are recommended towards 0.72300.