The U.S. manufacturing PMI for June will be released today. According to the forecasts, the data are expected to be positive thus supporting the USD. The purchase is recommended from the current level to 1.3015.
The pair was supported after release of the manufacturing PMI in Australia. In the H1 time frame the currency instrument is moving within the price channel. According to the forecasts, the data are expected to be positive thus supporting the USD. The manufacturing PMI will be released today as well. It is recommended to set pending order Sell limit 0.7496 with T/P 0.7448.
In the H4 time frame the currency pair is still under downtrend bumping against the price channel support line. The positive manufacturing PMI index in Australia will support the instrument which enables to open order for purchase from the current level to 1.0490.