Australia has released NAB Business Confidence and Westpac Consumer Confidence Index and change will be released later. The US will publish API Crude Oil Stock Change and Core PPI.
The support rests at 0.71760 with resistance at 0.72250 which both lines are below the weekly pivot point at 0.72620. 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 in oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. 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 indicators are showing mixed signals, the resistance level breakout will push the pair up towards 0.7250, otherwise AUDUSD will fall towards 0.7150.
