Trade Balance and Ivey Purchasing Managers Index will be released in Canada and the US will publish Trade Balance, Crude Oil Inventories and Consumer Credit.
The pair is finding support at 1.25570 with resistance at 1.26610 which the weekly pivot point at 1.25840 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is rising above level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high 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 1.26800.