Manufacturing Sales will be released in Canada and the US will publish FOMC Minutes and Housing Starts data.
The pair is finding support at 1.29230 with resistance at 1.29730 which both lines are below the weekly pivot point at 1.30080. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 100 and below the EMA of 200. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will smooth the way for further decline towards 1.2875; otherwise, the price will grow towards 1.3039.