Canada will publish Gross Domestic Product and the US will release Durable Goods Orders and New Home Sales.
The pair is finding support at 1.30950 with resistance at 1.31670 which the weekly pivot point at 1.31480 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.32000.
