There was BoC Lane Speech in Canada and the US will release Durable Goods Orders and Existing Home Sales.
The pair is finding support at 1.32770 with resistance at 1.33230 which both lines are above the weekly pivot point at 1.31800. 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 weak buy signal. The price is above the Ichimoku Cloud and below Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level seems to be too strong to be broken therefore short positions are recommended towards 1.323.
