Unemployment Rate and Employment Change were released in New Zealand and the US will publish ADP Non-Farm Employment Change and Crude Oil Inventories.
The support rests at 0.60260 with resistance at 0.60830 which the weekly pivot point at 0.60760 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.61000.
