Our pivot point is at 0.6775.
Our preference: the upside prevails as long as 0.6775 is support.
Alternative scenario: the downside breakout of 0.6775 would call for 0.6749 and 0.6734.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6793 and 0.6773). Finally, the CAD/CHF has crossed above its upper Bollinger band (0.6805).
Supports and resistances:
0.6885 **
0.6870 *
0.6854 **
0.6839
0.6807 last
0.6785
0.6775 **
0.6749 *
0.6734 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-03-2023 at 10:44 UTC+1
Price reference: 0.6807 last known on 04-03-2023 at 10:44 UTC+1
Investment horizon: INTRADAY