USD/CAD Intraday: the upside prevails as long as 1.3971 is support
Nov 20, 2024 3:29 PM
the upside prevails as long as 1.3971 is support.
Our pivot point stands at 1.3971.
Our preference:
the upside prevails as long as 1.3971 is support.
Alternative scenario:
the downside breakout of 1.3971 would call for 1.3936 and 1.3916.
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 above its 20 and 50 period moving average (respectively at 1.3979 and 1.3970).
Supports and resistances:
1.4119 **
1.4098 *
1.4077 **
1.4056
1.4004 last
1.3985
1.3971 **
1.3936 *
1.3916 **
Our preference:
the upside prevails as long as 1.3971 is support.
Alternative scenario:
the downside breakout of 1.3971 would call for 1.3936 and 1.3916.
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 above its 20 and 50 period moving average (respectively at 1.3979 and 1.3970).
Supports and resistances:
1.4119 **
1.4098 *
1.4077 **
1.4056
1.4004 last
1.3985
1.3971 **
1.3936 *
1.3916 **
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Related Instruments
USD/CAD
1.39636
-0.00163
-0.12%