USD/CAD intraday: the downside prevails as long as 1.3467 is resistance

1.3467 is our pivot point.

Our preference: the downside prevails as long as 1.3467 is resistance.

Alternative scenario: above 1.3467, look for 1.3507 and 1.3532.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3456 and 1.3460).

Supports and resistances:

1.3532 **

1.3507 *

1.3467 **

1.3451

1.3431 last

1.3380

1.3355 **

1.3331 *

1.3307 **

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 04-12-2023 at 19:47 UTC+1

Price reference: 1.3431 last known on 04-12-2023 at 19:47 UTC+1

Investment horizon: INTRADAY