While CAD was supported by strong Trade Balance, USD will be influenced by US labor market data.
The pair is finding support at 1.34790 with resistance at 1.35040 which both lines are above the weekly pivot point at 1.32970. The EMA of 10 is climbing up the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD indicator is in positive territory and the Stochastic is moving in its high ranges. The ADX is showing strong buy 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.
Long positions are recommended targeting 1.3550.

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