Consumer Price Index and Common Core CPI reports will be released in Canada and the US will publish Crude Oil Inventories and there will be FOMC Meeting Minutes.
The pair is finding support at 1.32660 with resistance at 1.33250 which both lines are below the weekly pivot point at 1.32360. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. 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 signals. 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 1.33450.
