Australia has released Westpac Consumer Confidence Index and Wage Price Index and the US will publish Fed Bostic Speech and Building Permits.
The support rests at 0.74370 with resistance at 0.75150 which the weekly pivot point at 0.75060 is 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 rising towards the 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 signals. The price is below the Ichimoku Cloud and above 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 0.73.

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