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CAD/JPY intraday: rebound towards 109.53
2024-03-11
752
Our pivot point is at 108.79.
Our preference: rebound towards 109.53.
Alternative scenario: below 108.79, expect 108.51 and 108.34.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (108.97) but below its 50 period moving average (109.27).
Supports and resistances:
109.87 **
109.70 *
109.53 **
109.36
109.02 last
108.91
108.79 **
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