Australia has released Building Permits MoM and Private Capital Expenditure QoQ and the US will publish Personal Income and Spending MoM.
The support rests at 0.72550 with resistance at 0.73250 which the weekly pivot point at 0.73160 is located in between the lines. 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 downward momentum. The ADX is showing weak sell signal. The price is in 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.
While 0.735 remains a strong resistance zone, the break below 0.72 will put the price down towards 0.7.
