Australia published PMI Manufacturing data and the US will release ISM Manufacturing, New Home Sales and Composite PMI.
The support rests at 0.58480 with resistance at 0.59830 which the weekly pivot point at 0.58730 is located in between the lines. The EMA of 10 is moving with bullis bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 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 0.60500.
