New Zealand will release Employment Change QoQ, Labour Costs Index QoQ and Unemployment Rate and the US will publish 10-y Bond Auction, Crude Oil Inventories, Trade Balance, Prelim Unit Labor Costs q/q and Prelim Nonfarm Productivity q/q.
The support rests at 0.68240 with resistance at 0.69040 which the weekly pivot point at 0.68840 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 falling towards oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 0.68.