Australia has released Private Sector Credit and the US will publish Pending Home Sales and Employment Cost data.
The support rests at 0.70250 with resistance at 0.70690 which the weekly pivot point at 0.70610 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 moving on 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
The resistance level breakout will confirm the correction pattern towards 0.70900.