USD/CAD Intraday: the upside prevails as long as 1.4428 is support
Jan 17, 2025 8:53 PM
the upside prevails as long as 1.4428 is support.
1.4428 is our pivot point.
Our preference:
the upside prevails as long as 1.4428 is support.
Alternative scenario:
the downside breakout of 1.4428 would call for 1.4388 and 1.4364.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.4432 and 1.4413).
Supports and resistances:
1.4587 **
1.4564 *
1.4540 **
1.4516
1.4460 last
1.4443
1.4428 **
1.4388 *
1.4364 **
Our preference:
the upside prevails as long as 1.4428 is support.
Alternative scenario:
the downside breakout of 1.4428 would call for 1.4388 and 1.4364.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.4432 and 1.4413).
Supports and resistances:
1.4587 **
1.4564 *
1.4540 **
1.4516
1.4460 last
1.4443
1.4428 **
1.4388 *
1.4364 **
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Related Instruments
USD/CAD
1.44794
0.00870
+0.60%