Australia has released AIG Manufacturing Index and CommBank Australia Manufacturing PMI Final and the US will release ISM Manufacturing Employment and ISM Manufacturing PMI.
The support rests at 0.69140 with resistance at 0.69830 which the weekly pivot point at 0.69270 is located in between the lines. 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 falling towards 50 level, 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 0.7000.
