TD-MI Inflation Gauge MoM and ANZ Job Advertisements MoM has been published in Australia and there are no major economic reports in the US.
The support rests at 0.69700 with resistance at 0.70020 which both lines are below the weekly pivot point at 0.70260. 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 moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing weak sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
Despite AUDUSD attempt to grow, short positions are recommended towards 0.69500.
