Australia has released Unemployment Rate and Unemployment Change and the US will publish Retail Sales MoM.
The support rests at 0.75380 with resistance at 0.75920 which both lines are below the weekly pivot point at 0.76120. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward 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.
Short positions are recommended towards 0.753 but then AUDUSD will start its correction pattern upward.
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