ANZ Business Confidence came better than expected in New Zealand. The US will release GDP data, Durable Goods Orders and Unemployment Claims.
The support rests at 0.74040 with resistance at 0.74610 which the weekly pivot point at 0.72570 is located below 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 in overbought area, 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 and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.75000.
