NAB Business Confidence and HIA New Home Sales MoM has been released in Australia and the US will publish ISM Manufacturing PMI and ISM Manufacturing Employment.
The support rests at 0.71120 with resistance at 0.71400 which both lines are above the weekly pivot point at 0.71030. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above 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 below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.71500.