CAD is growing due to the report from Globe and Mail regarding Trump’s car import announcement.
The pair is finding support at 1.29840 with resistance at 1.30680 which the weekly pivot point at 1.29980 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing weak buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend.
Long positions are recommended towards 1.31.

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