Switzerland has released CPI and Consumer Price Index and the US will publish Unemployment Rate and Non-Farm Payrolls ISM Manufacturing data.
The support rests at 0.96710 with resistance at 0.97400 which both lines are below the weekly pivot point at 0.97700. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance line breakout will push the price up towards 0.97900.
