Trade Balance will be published in Canada and the US. The US will also release Unemployment Claims and Labor Cost.
The pair is finding support at 1.34820 with resistance at 1.35390 which both lines are below the weekly pivot point at 1.38290. 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 moving in oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in low ranges. The ADX is showing buy signal. 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.
The support line seems to be too strong to be broken, long positions are recommended towards 1.36500.
