Australia has published Mid-Year Economic and Fiscal Outlook and the US will release NAHB Housing Market Index and Foreign Bond Investment.
The support rests at 0.71550 with resistance at 0.71860 which both lines are below the weekly pivot point at 0.71910. 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 weak sell signal. 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.
The resistance level breakout may make the price grow towards 0.721; otherwise, AUDUSD may fall towards 0.7131.