PMI Manufacturing has been published in Australia and the US will release Durable Goods Orders, Unemployment Claims and ISM Manufacturing.
The support rests at 0.68040 with resistance at 0.68850 which the weekly pivot point at 0.68120 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
Short positions are recommended towards 0.6805.
