There are no major economic reports in Canada but Retail Sales and UoM Consumer Sentiment data will be released in the US.
The pair is finding support at 1.31850 with resistance at 1.32430 which the weekly pivot point at 1.32360 is located in between the lines. 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 high ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.3250.

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