Canada’s Unemployment Rate came unchanged.
The pair is finding support at 1.34060 with resistance at 1.34380 which both lines are above the weekly pivot point at 1.33880. The EMA of 10 is moving horizontally in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in middle ranges. The ADX is showing sell signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing an upward trend.
The support level breakthrough may push the price down towards 1.3370, otherwise USDCAD may continue its bullish trend towards 1.34600.