Producer Price Index was published in New Zealand and the US will release ISM Manufacturing, Final Services PMI and Composite PMI.
The support rests at 0.71900 with resistance at 0.72500 which the weekly pivot point at 0.72170 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above level 50, 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 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 0.72700.
