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CAD/JPY intraday: the upside prevails as long as 109.56 is support
2023-10-19
337
Our pivot point stands at 109.56.
Our preference: the upside prevails as long as 109.56 is support.
Alternative scenario: below 109.56, expect 109.25 and 109.07.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109.76 and 109.73).
Supports and resistances:
110.78 **
110.60 *
110.42 **
110.24
109.86 last
109.68
109.56 **
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