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USD/CAD intraday: the upside prevails as long as 1.3846 is support
2023-10-31
751
Our pivot point stands at 1.3846.
Our preference: the upside prevails as long as 1.3846 is support.
Alternative scenario: below 1.3846, expect 1.3811 and 1.3789.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3851 and 1.3840).
Supports and resistances:
1.3992 **
1.3971 *
1.3950 **
1.3928
1.3877 last
1.3860
1.3846 **
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