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T Analysis

Retail Sales, New Housing Price Index and Corporate Profits will be published in Canada and FOMC Member Robert Kaplan Speaks in the US.
The pair is finding support at 1.30420 with resistance at 1.31080 which the weekly pivot point at 1.30790 is located in between the lines. 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 below level 50, 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 in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
The support level breakthrough will pave the way for further decline towards 1.30100, otherwise USDCAD will be fluctuating below the resistance line.

usdcad
Source: fxglory

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T Analysis

National CPI, National CPI ex fresh food & energy and PMI Composite were released in Japan. JPY has been strengthening against USD.
The support reached 103.610 with resistance at 104.090. Both lines are below the weekly pivot point at 104.500. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and 200. The Stochastic is moving in low ranges. The RSI is growing towards level 50 and the MACD indicators is in neutral territory. ADX is showing sell signal.
Further decline is expected towards 103.400.

usdjpy
Source: fxglory

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T Analysis

The situation with Covid-19 is not getting any better in the US and Eurozone and the strict quarantine is getting applied in cities. USD was supported by better-than-expected report on employment data.
The support holds 1.18560 with resistance at 1.19000 which both lines are above the weekly pivot point at 1.18330. The EMA of 10 is growing within the ascendant channel and it is above the EMA of 100 and 200. The indicators are showing mixed signals, the Stochastic is showing upward momentum. The RSI is falling towards level 50 and the MACD is moving in neutral territory. The ADX is showing buy signal.
Long positions are recommended towards 1.19000.

eurusd
Source: fxglory

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