EUR/CAD intraday: target 1.4540
Our pivot point stands at 1.4678.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (1.4639) but above its 50 MA (1.4623).
Alternative scenario:
the upside breakout of 1.4678, would call for 1.4729 and 1.4760.
Our preference:
target 1.4540.
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