Employment and Unemployment data have been released in Australia and the US will publish Markit Services PMI Flash and EIA Crude Oil Stocks Change.
The support rests at 0.70860 with resistance at 0.72390 which both lines are below the weekly pivot point at 0.71790. 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 moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 0.705.