Official Cash Rate and RBNZ Rate Statement has been released in New Zealand and the US will publish Durable Goods Orders and Crude Oil Inventories.
The support rests at 0.58260 with resistance at 0.59080 which both lines are above the weekly pivot point at 0.57750. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is riding towards 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 in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.60000.

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