Overnight Rate, BOC Rate Statement and Bank of Canada Monetary Policy Report will be published in Canada and the US will release Manufacturing Production, Crude Oil Inventories and Capacity Utilization. There will be FOMC member Patrick T. Harker talk as well.
The pair is finding support at 1.35860 with resistance at 1.36480 which both lines are above the weekly pivot point at 1.35740. The EMA of 10 is moving horizontally in the horizontal channel and it is located above the EMA of 100 and below the EMA of 200. The RSI is moving on level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing weak sell signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
The indicators are showing mixed signals. Support level breakthrough will drag the pair towards 1.35500; otherwise USDCAD will be fluctuating within the support and resistance lines.
