NAB Business Confidence and MI Inflation Gauge were released in Australia and the US will publish ISM Non-Manf, Final Services PMI and some FOMC members will talk.
The support rests at 0.71640 with resistance at 0.72300 which both lines are above the weekly pivot point at 0.71340. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising above level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is above 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.
Long positions are recommended towards 0.72500.
