Inflation Rate and Core Inflation Rate YoY will be published in Canada and the US will release Michigan Consumer Sentiment Prel and Industrial Production.
The pair is finding support at 1.32550 with resistance at 1.32970 which the weekly pivot point at 1.32780 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the MACD line is on the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.3320.