Today there would be BoC Interest Rate Decision and BoC Press Conference and the US will publish New Home Sales data.
The pair is finding support at 1.30590 with resistance at 1.30970 which both lines are above the weekly pivot point at 1.30500. 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 falling 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 above the Ichimoku Cloud and Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing an upward trend.
It seems that USDCAD is growing up towards 1.31.
