New Housing Price Index and Retail Sales will be published in Canada and the US will release ISM Manufacturing, Composite PMI and Existing Home Sales.
The pair is finding support at 1.31330 with resistance at 1.32080 which both lines are below the weekly pivot point at 1.32840. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is rising towards level 50, the MACD line is moving on the signal line in the neutral territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance line seems too strong to be broken. Short positions are recommended towards 1.31110.
