MI Leading Index was released in Australia and RBA Assistant Governor Christopher Kent delivered a speech. FOMC reports will be published in the US.
The support rests at 0.76900 with resistance at 0.77550 which the weekly pivot point at 0.77260 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is rising towards level 50, the MACD line is in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Considering the bearish trend, short positions are recommended towards 0.76200.
