KOF Leading Indicators came better than expected in Switzerland and the US will release Personal Income and Spending MoM.
The support rests at 0.97490 with resistance at 0.97800 which both lines are above the weekly pivot point at 0.96090. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and above 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 weak buy signal. The price is above 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 0.983.