Capacity utilization data will be released in Canada and the US will publish Consumer Price Index and FOMC Rate Decision.
The pair is finding support at 1.32180 with resistance at 1.32540 which the weekly pivot point at 1.32450 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on 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 not showing any clear signals. The price is in 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 1.32800.
