USD/CAD intraday: rebound towards 1.2675

USDCAD

Trading Central 2021-02-23 05:09:05

Our pivot point stands at 1.2586.

Our preference: rebound towards 1.2675.

Alternative scenario: the downside breakout of 1.2586 would call for 1.2555 and 1.2536.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2615 and 1.2614).

Supports and resistances:

1.2712 **

1.2694 *

1.2675 **

1.2657

1.2613 last

1.2598

1.2586 **

Disclaimer

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