Expected Annual Inflation 2y from now and Visitor Arrivals have been released in New Zealand and the US will publish NFIB Small Business Index.
The support rests at 0.63220 with resistance at 0.63530 which both lines are below the weekly pivot point at 0.63720. 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 below 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.6201.
