Consumer Price Index and Common Core CPI will be released in Canada.
The pair is finding support at 1.41270 with resistance at 1.43190 which both lines are above the weekly pivot point at 1.40160. 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 falling towrds 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 buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.4350.
