7645450 7/13/2017 12:18 PM, CAD/CHF intraday: target 0.7522


Our pivot point stands at 0.7578.


Our preference

: target 0.7522.


Alternative scenario

: the upside breakout of 0.7578, would call for 0.7599 and 0.7611.


Comment

: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (0.7567) but above its 50 MA (0.7525).


Supports and resistances

:

0.7611 **

0.7599 *

0.7578 **

0.7570

0.7561 last

0.7535

0.7522 **

0.7510 *

0.7498 **