Eur/cad

EUR/CAD

EUR/CAD intraday: as long as 1.4643 is support look for 1.4778
Our pivot point stands at 1.4643.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.4684 and 1.4683).
Alternative scenario:
the downside breakout of 1.4643 would call for 1.4591 and 1.4560.
Our preference:
as long as 1.4643 is support look for 1.4778.