USD/CAD Intraday: under pressure below 1.4036
Nov 29, 2024 7:26 PM
under pressure below 1.4036.
1.4036 is our pivot point.
Our preference:
under pressure below 1.4036.
Alternative scenario:
the upside breakout of 1.4036, would call for 1.4075 and 1.4098.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.4009 and 1.4004).
Supports and resistances:
1.4098 **
1.4075 *
1.4036 **
1.4020
1.3994 last
1.3942
1.3919 **
1.3896 *
1.3873 **
Our preference:
under pressure below 1.4036.
Alternative scenario:
the upside breakout of 1.4036, would call for 1.4075 and 1.4098.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.4009 and 1.4004).
Supports and resistances:
1.4098 **
1.4075 *
1.4036 **
1.4020
1.3994 last
1.3942
1.3919 **
1.3896 *
1.3873 **
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Related Instruments
USD/CAD
1.40554
-0.00042
-0.03%