USD/CAD intraday: rebound towards 1.3765
Our pivot point stands at 1.3660.
Our preference: rebound towards 1.3765.
Alternative scenario: the downside breakout of 1.3660 would call for 1.3622 and 1.3600.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3697 and 1.3707).
Supports and resistances:
1.3810 **
1.3788 *
1.3765 **
1.3743
1.3696 last
1.3675
1.3660 **
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