Retail Sales data has been published in Australia and the US will release Factory Orders m/m.
The support rests at 0.69040 with resistance at 0.69340 which both lines are above the weekly pivot point at 0.68930. 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 falling towards 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.6944.
