New Zealand will release Food Inflation and the US will publish Core Inflation Rate and EIA Crude Oil Stocks Change.
The support rests at 0.68340 with resistance at 0.68810 which both lines are below the weekly pivot point at 0.68920. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
The support level breakthrough may push the pair down towards 0.68; otherwise, the pair will be fluctuating within the support and resistance area.
