Australia has released NAB Business Confidence and the US will publish NFIB Business Optimism Index and Redbook MoM.
The support rests at 0.78550 with resistance at 0.78820 which both lines are above the weekly pivot point at 0.78400. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, 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 in the Ichimoku Cloud and above 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 0.79.

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