PMI Manufacturing data was published in Australia and the US will release Retail Sales, ISM Manufacturing and Composite PMI.
The support rests at 0.75310 with resistance at 0.76100 which both lines are above the weekly pivot point at 0.74930. 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 rising above level 50, the MACD line is on the signal line in the neutral 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 a horizontal trend and the Kijun-sen is showing an upward trend.
Long positions are recommended towards 0.76200.
