Trading-Log
Short

AUD/CAD intraday: the downside prevails as long as 0.9522 is res

FX:AUDCAD   Australian Dollar/Canadian Dollar
7 0 0
Our pivot point stands at 0.9522.

Our preference:the downside prevails as long as 0.9522 is resistance.

Alternative scenario: the upside breakout of 0.9522, would call for 0.9546 and 0.9561.

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 pair is trading under both its 20 and 50 MAs (respectively at 0.9506 and 0.9523).

Supports and resistances:
0.9561 **
0.9546 *
0.9522 **
0.9512
0.952220 last
0.9457
0.9441 **
0.9427 *
0.9413 **
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