CAD/JPY ST: the upside prevails as long as 82.06 i

CAD/JPY ST: the upside prevails as long as 82.06 is support

CADJPY

Trading Central 2021-02-23 18:06:30

Our pivot point stands at 82.06.

Our preference: the upside prevails as long as 82.06 is support.

Alternative scenario: the downside breakout of 82.06 would call for 80.61 and 79.75.

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 82.56 and 81.73).

Supports and resistances:

87.84 **

86.98 *

86.12 **

85.25

83.45 last

82.63

82.06 **

Disclaimer

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