Trade Balance, Retail Sales, RBA Interest Rate Decision and Monetary Policy Statement were released in Australia and the US will publish Factory Orders.
The support rests at 0.70830 with resistance at 0.71460 which both lines are below the weekly pivot point at 0.71520. 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 moving on level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.71880.