7645452 7/13/2017 12:18 PM, EUR/CAD intraday: rebound


Our pivot point stands at 1.4507.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 1.4507 would call for 1.4425 and 1.4376.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (1.4563) but below its 50 MA (1.4649).


Supports and resistances

:

1.4821 **

1.4772 *

1.4723 **

1.4675

1.4573 last

1.4539

1.4507 **

1.4425 *

1.4376 **