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CAD/JPY intraday: rise to 107.74
2024-01-03
420
Our pivot point stands at 106.36.
Our preference: rise to 107.74.
Alternative scenario: below 106.36, expect 105.87 and 105.57.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is below its 20 period moving average (106.78) but above its 50 period moving average (106.74).
Supports and resistances:
108.32 **
108.03 *
107.74 **
107.44
106.75 last
106.55
106.36 **
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