Australia will publish Westpac Consumer Confidence Index and Change.
The support rests at 0.70430 with resistance at 0.70980 which both lines are below the weekly pivot point at 0.71380. 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 rising towards 50 level, 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 above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 0.7040.
