Business NZ Manufacturing Index was published in New Zealand and the US will publish Michigan Consumer Sentiment Index, Industrial Production and Retail Sales.
The support rests at 0.59600 with resistance at 0.60350 which both lines are below the weekly pivot point at 0.60930. 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 below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.59400.

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