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USD/CAD intraday: rebound towards 1.3607

2023-09-13
404

Our pivot point is at 1.3533.

Our preference: rebound towards 1.3607.

Alternative scenario: below 1.3533, expect 1.3507 and 1.3491.

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 stands below its 20 and 50 period moving average (respectively at 1.3563 and 1.3572).

Supports and resistances:

1.3639 **

1.3623 *

1.3607 **

1.3591

1.3559 last

1.3544

1.3533 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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