Inflation Rate and Retail Sales will be released in Canada today and the US will publish Flash Services PMI, and Flash Manufacturing PMI.
The pair is finding support at 1.31920 with resistance at 1.32300 which both lines are above the weekly pivot point at 1.31800. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative 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 Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend.
Long positions are recommended towards 1.325.
