EUR/CAD intraday: rebound towards 1.4519
Our pivot point stands at 1.4383.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4430 and 1.4447).
Alternative scenario:
the downside breakout of 1.4383 would call for 1.4332 and 1.4302.
Our preference:
rebound towards 1.4519.
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