New Zealand will release Visitor Arrivals YoY and the US will publish API Crude Oil Stock Change.
The support rests in 0.71990 with resistance at 0.72390 which both lines are below the weekly pivot point at 0.72570. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing weak buy signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.718.

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