Canada will be releasing BoC Business Outlook Survey and the US will publish Retail Sales data.
The pair is finding support at 1.29950 with resistance at 1.30440 which the weekly pivot point at 1.30080 is located in between the lines. 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 falling towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the below Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1.2977.

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