EUR/CAD intraday: the upside prevails as long as 1.4521 is support
Our pivot point stands at 1.4521.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.4557 and 1.4560).
Alternative scenario:
the downside breakout of 1.4521 would call for 1.4469 and 1.4439.
Our preference:
the upside prevails as long as 1.4521 is support.
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