Westpac Consumer Confidence and Credit Card Spending was published in New Zealand and the FOMC members will deliver their speeches today in the US.
The support rests at 0.70350 with resistance at 0.71340 which the weekly pivot point at 0.71920 is located above the lines. 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 in oversold area, 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 below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward.
The support line seems too strong to be violated. While considering pullbacks, long positions are recommended towards 0.71500.