NZIER Business Confidence came above forecasted in New Zealand and the US will publish Consumer Price Index data.
The support rests at 0.69860 with resistance at 0.70480 which the weekly pivot point at 0.70340 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is growing towards level 50, 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 above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.69600.
