USD/CAD Intraday: the upside prevails as long as 1.3566 is support
Sep 18, 2024 5:35 PM
the upside prevails as long as 1.3566 is support.
Our pivot point is at 1.3566.
Our preference:
the upside prevails as long as 1.3566 is support.
Alternative scenario:
below 1.3566, expect 1.3538 and 1.3520.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3590 and 1.3591).
Supports and resistances:
1.3684 **
1.3667 *
1.3650 **
1.3632
1.3595 last
1.3578
1.3566 **
1.3538 *
1.3520 **
Our preference:
the upside prevails as long as 1.3566 is support.
Alternative scenario:
below 1.3566, expect 1.3538 and 1.3520.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3590 and 1.3591).
Supports and resistances:
1.3684 **
1.3667 *
1.3650 **
1.3632
1.3595 last
1.3578
1.3566 **
1.3538 *
1.3520 **
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