Australia has released HIA New Home Sales and the US will publish Personal Income and Spending.
The support rests at 0.70690 with resistance at 0.71130 which the weekly pivot point at 0.70780 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the 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 above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.7045.
