Unemployment Rate and Employment Change will be released in Canada and the US will publish Unemployment Rate, Non-Farm Payrolls and Average Hourly Earnings.
The pair is finding support at 1.30370 with resistance at 1.31000 which both lines are above the weekly pivot point at 1.30120. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle 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 a horizontal trend.
Long positions are recommended towards 1.31100.
