GBP/CAD intraday: the downside prevails as long as 1.8668 is res
Our pivot point is at 1.8668.
Our preference:the downside prevails as long as 1.8668 is resistance.
Alternative scenario: above 1.8668, look for 1.8705 and 1.8728.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.8674 and 1.8659).
Supports and resistances:
1.8728 **
1.8705 *
1.8668 **
1.8653
1.85909 last
1.8559
1.8537 **
1.8514 *
1.8492 **
Our preference:the downside prevails as long as 1.8668 is resistance.
Alternative scenario: above 1.8668, look for 1.8705 and 1.8728.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.8674 and 1.8659).
Supports and resistances:
1.8728 **
1.8705 *
1.8668 **
1.8653
1.85909 last
1.8559
1.8537 **
1.8514 *
1.8492 **
