Australia has published NAB Business Confidence and the US will publish Consumer Price Index.
The support rests at 0.67310 with resistance at 0.67820 which the weekly pivot point at 0.67620is located in between the lines. 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 upward momentum. 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 horizontal trend.
Despite the bearish pressure, buyers can target 0.6795.
