Canada will release Building Permits MoM and BoC Wilkins Speech and the US will publish some economic reports such as ISM Non-Manufacturing PMI and ADP Employment Change.
The pair is finding support at 1.31590 with resistance at 1.32040 which both lines are above the weekly pivot point at 1.30060. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in high ranges, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1.328.
