House Price Index was published in Australia and the US will release Non-Farm Productivity and Labor Cost.
The support rests at 0.67880 with resistance at 0.68450 which the weekly pivot point at 0.68220 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line 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 the support line but it is not going to be broken.
