Gross Domestic Product and Raw Materials Price Index will be released in Canada and the US will publish Chicago Purchasing Managers Index and Consumer Confidence data.
The pair is finding support at 1.41270 with resistance at 1.43020 which the weekly pivot point at 1.41610 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is rising towards oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.43000.
