EUR/CAD intraday: rebound towards 1.4671
Our pivot point is at 1.4533.
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 pair is trading above its 20 MA (1.4573) but under its 50 MA (1.4580).
Alternative scenario:
the downside breakout of 1.4533 would call for 1.4482 and 1.4451.
Our preference:
rebound towards 1.4671.
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