New Zealand released Building Permits and the US will publish Chicago Purchasing Managers Index, Personal Spending and Income.
The support rests at 0.62720 with resistance at 0.63260 which both lines are below the weekly pivot point at 0.63970. 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 below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.62500.
