Unemployment Rate, Non-Farm Payrolls and Average Hourly Earnings will be published in the US and Canada will release Unemployment Rate and Employment Change.
The pair is finding support at 1.30550 with resistance at 1.31620 which the weekly pivot point at 1.31280 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is falling towards level 50, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance line breakout will confirm the bullish trend towards 1.32000; otherwise USDCAD will continue its bearish trend towards 1.30200.