Australia has published NAB Business Confidence and the US will release API Crude Oil Stock Change.
The support rests at 0.72530 with resistance at 0.72890 which both lines are below the weekly pivot point at 0.73450. 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 falling towards the oversold area, 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 is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.716.

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