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USD/CAD intraday: rebound towards 1.3784
2024-04-22
954
Our pivot point stands at 1.3728.
Our preference: rebound towards 1.3784.
Alternative scenario: the downside breakout of 1.3728 would call for 1.3711 and 1.3701.
Comment: the RSI is below 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 1.3751 and 1.3763).
Supports and resistances:
1.3805 **
1.3795 *
1.3784 **
1.3774
1.3748 last
1.3735
1.3728 **
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