MI Leading Index and Retail Sales were released in Australia and the US will publish Crude Oil Inventories and Beige Book.
The support rests at 0.70340 with resistance at 0.70990 which both lines are below the weekly pivot point at 0.71230. 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 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 weak buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing a downward trend.
Long positions are recommended towards 0.71450.