AUD/CAD intraday: the upside prevails as long as 0

AUD/CAD intraday: the upside prevails as long as 0.9916 is support

AUDCAD

Trading Central 2021-02-22 16:42:05

Our pivot point stands at 0.9916.

Our preference: the upside prevails as long as 0.9916 is support.

Alternative scenario: the downside breakout of 0.9916 would call for 0.9894 and 0.9881.

Comment: the RSI is above its neutrality area at 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 0.9934 and 0.9922).

Supports and resistances:

1.0014 **

1.0000 *

0.9987 **

0.9974

0.9941 last

0.9925

0.9916 **

Disclaimer

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