Retail Sales data will be released in Canada and the US will publish Baker Hughes U.S. Rig Count.
The pair is finding support at 1.24090 with resistance at 1.25220 which the weekly pivot point at 1.25460 is located above the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. 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.
The resistance line seems to be too strong to be violated. UASCAD will be fluctuating within the support and resistance lines.