Consumer Inflation Expectation was reported in Australia and the US will publish PPI, PPI Core, Unemployment Claims and Crude Oil Inventories.
The support rests at 0.72370 with resistance at 0.72950 which both lines are below the weekly pivot point at 0.73070. 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 moving on level 50, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. 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 0.73100.
