There are no major economic reports in Australia but there will be FOMC Members’ talks.
The support rests at 0.70770 with resistance at 0.71350 which the weekly pivot point at 0.71200 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and 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 showing upward momentum. The ADX is showing buy clear signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a downward trend.
Long positions are recommended towards 0.71650.