7640815 7/12/2017 5:10 PM, GBP/CAD intraday: the upside prevails as long as 1.6556 is support


Our pivot point stands at 1.6556.


Our preference

: the upside prevails as long as 1.6556 is support.


Alternative scenario

: the downside breakout of 1.6556 would call for 1.6489 and 1.6449.


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 is above its 20 and 50 MAs (respectively at 1.6583 and 1.6604).


Supports and resistances

:

1.6822 **

1.6782 *

1.6742 **

1.6703

1.6610 last

1.6583

1.6556 **

1.6489 *

1.6449 **