Consumer Price Index will be released in Canada and the US will publish Crude Oil Inventories.
The pair is finding support at 1.31490 with resistance at 1.31790 which both lines are below the weekly pivot point at 1.31960. The EMA of 10 is moving horizontally in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.31850.

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