Canada’s new housing price index declined and Foreign Securities Purchases report will be released today.
The pair is finding support at 1.32100 with resistance at 1.32560 which both lines are above the weekly pivot point at 1.31930. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signals. 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.
Short positions are recommended towards 1.3189.