Australia has released Balance of Trade and Imports and Exports MoM and the US will publish Initial Jobless Claims and EIA Natural Gas Stocks Change.
The support rests at 0.76290 with resistance at 0.76870 which both lines are above the weekly pivot point at 0.75460. 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 above the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward 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 an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.77.