There will be FOMC Member Robert Kaplan’s speech in the US and there are no major economic reports in New Zealand.
The support rests at 0.63150 with resistance at 0.63790 which the weekly pivot point at 0.63680 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards 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 not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
While the bearish pressure remains, the price may grow towards 0.63850.
