EUR/CAD intraday: rebound towards 1.4663
Our pivot point is at 1.4526.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (1.4566) but below its 50 MA (1.4586).
Alternative scenario:
the downside breakout of 1.4526 would call for 1.4475 and 1.4444.
Our preference:
rebound towards 1.4663.
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