There are no major economic reports in the US or Australia today.
The support rests at 0.72370 with resistance at 0.72590 which both lines are below the weekly pivot point at 0.72780. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 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 not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The indicators are now showing any clear signals. Long positions are recommended towards 0.73.

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