Canada is publishing Manufacturing Sales MoM and the US will release several economic reports such as EIA Gasoline Stocks Change and EIA Crude Oil Stocks Change.
The pair is finding support at 1.25060 with resistance at 1.25450 which both lines are above the weekly pivot point at 1.24860. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.26.

usdcad analysis

usdcad