Australia has released Employment Change and Unemployment Rate and the US will publish Retail Sales MoM and Markit Manufacturing PMI Flash.
The support rests at 0.71390 with resistance at 0.71830 which the weekly pivot point at 0.71500 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 moving on 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing an upward trend.
The support line seems to be too strong to be broken. Long positions are recommended towards 0.72000.
