Australia has published GDP Growth Rate and the US will release Balance of Trade.
The support rests at 0.71480 with resistance at 0.72140 which both lines are below the weekly pivot point at 0.72440. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD line is on the signal line in the positive territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
The support level breakthrough may put the price down towards 0.70 area.
