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USD/CAD intraday: as long as 1.3700 is support look for 1.3806
2023-10-05
443
Our pivot point is at 1.3700.
Our preference: as long as 1.3700 is support look for 1.3806.
Alternative scenario: below 1.3700, expect 1.3663 and 1.3641.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.3736) but above its 50 period moving average (1.3718).
Supports and resistances:
1.3851 **
1.3828 *
1.3806 **
1.3784
1.3734 last
1.3715
1.3700 **
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