There are no major economic reports in Canada but the US will release ISM Non-Manufacturing PMI and EIA Gasoline Stocks Change.
The pair is finding support at 1.32880 with resistance at 1.33480 which both lines are below the weekly pivot point at 1.33820. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. 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 horizontal trend.
Short positions are recommended towards 1.32500.

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