Canada is releasing New Housing Price Index MoM, Building Permits MoM and BoC Lane Speech and the US will publish Challenger Job Cuts and Initial Jobless Claims.
The pair is finding support at 1.28540 with resistance at 1.29830 which both lines are above the weekly pivot point at 1.28030. 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 on the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
USDCAD will continue its bullish trend towards 1.31.

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