Trade Balance, Official Cash Rate and RBNZ Rate Statement have been released in New Zealand and the US will publish Crude Oil Inventories.
The support rests at 0.63070 with resistance at 0.63360 which both lines are above the weekly pivot point at 0.63020. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below 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 0.63500.
