Canada will release some economic data such as Inflation Rate MoM, Core Inflation Rate YoY and Inflation Rate YoY and the US is not publishing any major reports today.
The pair is finding support at 1.32270 with resistance at 1.33050 which both lines are above the weekly pivot point at 1.31320. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing strong buy signal. 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 1.3315.
