Australia has released RBA Interest Rate Decision and the US will publish Factory Orders MoM.
The support rests at 0.73240 with resistance at 0.73490 and they are both below the weekly pivot point at 0.73920. 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 below the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing strong decline. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.72.

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