The pair edges higher from session lows at 0.7077, intraday bias higher.
We see major support at 0.7080 levels, weakness seen on break below.
Daily Techs suggest upside, is biased north and Stochs are on the verge of a rollover from oversold levels.
Major support levels - 0.7080 (5-DMA, 50% Fib), 0.7035 ( ), 0.6985 (61.8% Fib).
Major resistance levels - 0.7124 (10-DMA), 0.7175 (38.2% Fib), 0.7205 (20-DMA).
Major event risk this week come from NZ Q3 CPI release and the GDT dairy auction (Tue).
Good to go long on dips around 0.7090/0.71, SL: 0.7040, TP: 0.7125/ 0.7175