Canada will release Current Account and the US will publish GDP Growth Rate QoQ 2nd Est, Core PCE Prices QoQ 2 Est and Pending Home Sales.
The pair is finding support at 1.28810 with resistance at 1.29490 which both lines are below the weekly pivot point at 1.30400. 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 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 showing sell signal. The price is below the Ichimoku Cloud and above 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 1.2832.
