New Zealand will release Global Dairy Trade Price Index and the US will publish Fed Chair Powell Speech and Fed Quarles Testimony.
The support rests at 0.65700 with resistance at 0.66130 which both lines are below the weekly pivot point at 0.66380. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 100 and below the EMA of 200. The RSI is falling towards the 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 and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 0.65.