USD/CAD Intraday: below its lower Bollinger band
Oct 1, 2024 2:29 PM
the downside prevails as long as 1.3532 is resistance.
Our pivot point is at 1.3532.
Our preference:
the downside prevails as long as 1.3532 is resistance.
Alternative scenario:
the upside breakout of 1.3532, would call for 1.3558 and 1.3573.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3524 and 1.3522). Finally, the USD/CAD has penetrated its lower Bollinger band (1.3504).
Supports and resistances:
1.3573 **
1.3558 *
1.3532 **
1.3522
1.3499 last
1.3462
1.3446 **
1.3431 *
1.3416 **
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