Pair slips below 0.7550, bias lower.
Major support by channel base at 0.7525, break below will see drag upto 100-DMA at 0.7498.
Techs support downside, we recommend selling rallies.
invalidation only above 0.76 (4H 20MA), pair can then test 20-DMA at 0.7635.
HIA new home sales data from Australia was weak. New home sales in Australia plunged to a decade-low during the month of July.
Hawkish comments from Fed’s Yellen on Friday to keep USD supported.
Focus now on US personal spending and income report due later today.