Canada is publishing Overnight Rate and there will be BOC Rate Statement, BOC Monetary Policy Report and BOC Press Conference and there will be FOMC Rate Decision, FOMC Press Conference and FOMC Statement in the US.
The pair is finding support at 1.30530 with resistance at 1.31030 which the weekly pivot point at 1.30840 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.31360.
