Canada will publish Average Weekly Earnings YoY and the US will release GDP Growth Rate QoQ Final, Corporate Profits QoQ Final and Pending Home Sales data.
The pair is finding support at 1.31010 with resistance at 1.31610 which both lines are below the weekly pivot point at 1.32700. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing weak sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 1.30600.