Late today, there will be RBA Kent Speech in Australia and the US will publish API Crude Oil Stock Change, Building Permits and Housing Starts.
The support rests at 0.71060 with resistance at 0.71360 which both lines are above the weekly pivot point at 0.71020. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards overbought area, 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 the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.71500.
