Reason for the trading strategy (technically):
Price has made a recent exit of our triangle formation. We remain above major support at 0.7969 ( , horizontal overlap support) and we expect to see a bounce above this level for a rise at least to 0.8066 resistance ( , horizontal swing high resistance).
(34) is seeing pullback support to our descending resistance-turned-support line and also sees an intermediate ascending support line holding it up nicely.
Correlation analysis: We are expecting strength with AUDUSD and NZDUSD both seeing bounces.