EUR/CAD may rise to 1.5160 - 1.5279

Our pivot point stands at 1.4736.

Our preference

The upside prevails as long as 1.4736 is support.

Alternative scenario

Below 1.4736, expect 1.4537 and 1.4418.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.4742 and 1.4753). Finally, the EUR/CAD is trading above its upper Bollinger band (standing at 1.4900).

Supports and resistances

1.5517 **

1.5398 *

1.5279 **

1.5160

1.4917 last

1.4815

1.4736 **

1.4537 *

1.4418 **

Number of asterisks represents the strength of support and resistance levels.