NZIER Business Confidence was published in New Zealand.
The support rests at 0.70810 with resistance at 0.71740 which the weekly pivot point at 0.71630 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving below level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high 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 price may grow towards the weekly pivot point but then it continues its decline towards 0.70650.