Home Loans MoM, Investment Lending for Homes and AIG Construction Index have been published in Australia and the US will release Non-Farm Payrolls, Unemployment Rate and Wholesale Inventories MoM.
The support rests at 0.69560 with resistance at 0.69920 which both lines are above the weekly pivot point at 0.69270. 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 on 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 the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend.
Long positions are recommended towards 0.70000.