Inflation Rate will be released in Canada and the US will publish FOMC Economic Projections and Existing Home Sales.
The pair is finding support at 1.34400 with resistance at 1.34720 which both lines are above the weekly pivot point at 1.33680. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving in overbought 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 above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1.35.
