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USD/CAD intraday: as long as 1.3551 is support look for 1.3603
2024-04-02
547
Our pivot point stands at 1.3551.
Our preference: as long as 1.3551 is support look for 1.3603.
Alternative scenario: the downside breakout of 1.3551 would call for 1.3535 and 1.3525.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.3570) but above its 50 period moving average (1.3545).
Supports and resistances:
1.3623 **
1.3613 *
1.3603 **
1.3594
1.3566 last
1.3558
1.3551 **
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