USD/CAD Intraday: rebound towards 1.3612
Sep 19, 2024 8:23 PM
rebound towards 1.3612.
Our pivot point is at 1.3528.
Our preference:
rebound towards 1.3612.
Alternative scenario:
the downside breakout of 1.3528 would call for 1.3500 and 1.3483.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3560 and 1.3580).
Supports and resistances:
1.3646 **
1.3629 *
1.3612 **
1.3595
1.3558 last
1.3540
1.3528 **
1.3500 *
1.3483 **
Our preference:
rebound towards 1.3612.
Alternative scenario:
the downside breakout of 1.3528 would call for 1.3500 and 1.3483.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3560 and 1.3580).
Supports and resistances:
1.3646 **
1.3629 *
1.3612 **
1.3595
1.3558 last
1.3540
1.3528 **
1.3500 *
1.3483 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
USD/CAD
1.35570
0.00000
+0.00%