Australia has released NAB Business Confidence and the US will publish Wholesale Inventories MoM and API Crude Oil Stock Change.
The support rests at 0.71010 with resistance at 0.71350 which both lines are below the weekly pivot point at 0.71460. 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 the 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The price may grow towards 0.715 however, the support level breakthrough will push the rate down towards 0.70.