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The phrase "am currently" is correct and usable in written English.
It is typically used to indicate a present state or ongoing action.
Example: "I am currently working on a project that requires extensive research."
Alternatives: "I am now" or "I am presently".
Dictionary
am currently
adverb
At this moment, at present, now.
synonyms
Exact(59)
I am currently estimating 2 – 3 sessions.
I am currently in jail.
I am currently accepting applications.
(I am currently an intern at Google).
I am currently in a remission.
I am currently working on the Pinnacle.
I am currently not living anywhere.
I am currently researching my second novel.
I am currently vacationing in Maine.
I am currently working as an administrator.
Similar(1)
"I myself am currently driving a car equipped with it".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com