MI Leading Index, NAB Business Confidence, Consumer Price Index and RBA Trimmed Mean CPI were released in Australia and the US will publish FOMC Rate Decision, FOMC Statement and Crude Oil Inventories.
The support rests at 0.76930 with resistance at 0.77640 which the weekly pivot point at 0.77190 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the MACD line is in the positive territory and the Stochastic is moving in high rages. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.78000.
