EUR/CAD intraday: technical rebound towards 1.4684 before a new drop
Our pivot point stands at 1.4684.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair stands above its 20 MA (1.4636) but below its 50 MA (1.4645).
Alternative scenario:
the upside breakout of 1.4684, would call for 1.4735 and 1.4766.
Our preference:
technical rebound towards 1.4684 before a new drop.
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