Eur/cad

EUR/CAD intraday: the downside prevails as long as 1.4625 is resistance
Our pivot point is at 1.4625.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4586 and 1.4597).
Alternative scenario:
the upside breakout of 1.4625, would call for 1.4676 and 1.4707.
Our preference:
the downside prevails as long as 1.4625 is resistance.