AIG Manufacturing Index, PMI Manufacturing (CBA), Retail Sales and Trade Balance were released in Australia and the US will publish ISM Manufacturing, Unemployment Claims and Continuing Claims.
The support rests at 0.75060 with resistance at 0.76120 which the weekly pivot point at 0.76540 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the MACD line is in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 0.74500.