Canada will release Current Account data and the US will publish Wholesale Inventories, Goods Trade Balance and Pending Home Sales.
The pair is finding support at 1.32490 with resistance at 1.33250 which the weekly pivot point at 1.32940 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above 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 showing downward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.33400.
