Westpac Consumer Sentiment has been released in Australia and the US will publish Crude Oil Inventories, also Federal Reserve Chairman Jerome Powell Speaks.
The support rests at 0.67140 with resistance at 0.67440 which both lines are above the weekly pivot point at 0.67040. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and 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 0.67600.
