Canada will release Overnight Rate and BOC Rate Statement and the US will publish Retail Sales and Crude Oil Inventories.
The pair is finding support at 1.38780 with resistance at 1.41700 which the weekly pivot point at 1.40500 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is rising above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.42000.