Consumer Price Index and Core CPI data will be released in Canada and the US will publish Retail Sales, FOMC Statement and Crude Oil Inventories.
The pair is finding support at 1.31320 with resistance at 1.32220 which the weekly pivot point at 1.31640 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is moving on level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell 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.
Short positions are recommended towards 1.31290.
