New Zealand will release Balance of Trade and the US will publish New Home Sales.
The support rests at 0.66470 with resistance at 0.67030 which both lines are above the weekly pivot point at 0.66060. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising above the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.672.
