Canada is publishing Unemployment Rate, Employment Change and Participation Rate and the US will release Federal Budget Balance, Core CPI m/m, and CPI m/m.
The pair is finding support at 1.30470 with resistance at 1.31390 which both lines are above the weekly pivot point at 1.30180. 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 in high ranges, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing strong 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 1.319.
