RBA Governor Philip Lowe Speaks in Australia and Leading Index (Conference Board) will be published. There will be no influential economic reports in the US.
The support rests at 0.72550 with resistance at 0.73060 which the weekly pivot point at 0.72770 is located in between the lines. 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 falling towards level 50, 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 below the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.73200.
