7640772 7/12/2017 5:05 PM, CAD/CHF intraday: below its lower Bollinger band


0.7473 is our pivot point.


Our preference

: the downside prevails as long as 0.7473 is resistance.


Alternative scenario

: the upside breakout of 0.7473, would call for 0.7502 and 0.7519.


Comment

: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.7461 and 0.7470). Finally, the CAD/CHF has penetrated its lower Bollinger band (0.7451).


Supports and resistances

:

0.7519 **

0.7502 *

0.7473 **

0.7462

0.7449 last

0.7414

0.7397 **

0.7380 *

0.7363 **