AUD/CAD intraday: the downside prevails as long as

AUD/CAD intraday: the downside prevails as long as 0.9984 is resistance

AUDCAD

Trading Central 2021-02-23 18:14:14

Our pivot point stands at 0.9984.

Our preference: the downside prevails as long as 0.9984 is resistance.

Alternative scenario: above 0.9984, look for 1.0007 and 1.0021.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.9971 and 0.9972).

Supports and resistances:

1.0021 **

1.0007 *

0.9984 **

0.9974

0.9962 last

0.9926

0.9912 **

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