USD/CAD Intraday: target 1.4306
Jan 17, 2025 3:24 PM
target 1.4306.
1.4448 is our pivot point.
Our preference:
target 1.4306.
Alternative scenario:
above 1.4448, look for 1.4487 and 1.4511.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.4414) but above its 50 period moving average (1.4401).
Supports and resistances:
1.4511 **
1.4487 *
1.4448 **
1.4432
1.4405 last
1.4330
1.4306 **
1.4283 *
1.4259 **
Our preference:
target 1.4306.
Alternative scenario:
above 1.4448, look for 1.4487 and 1.4511.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.4414) but above its 50 period moving average (1.4401).
Supports and resistances:
1.4511 **
1.4487 *
1.4448 **
1.4432
1.4405 last
1.4330
1.4306 **
1.4283 *
1.4259 **
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Related Instruments
USD/CAD
1.44794
0.00870
+0.60%