EUR/CAD may rise to 1.5300 - 1.5434

1.4814 is our pivot point.

Our preference

As long as 1.4814 is support look for 1.5434.

Alternative scenario

Below 1.4814, expect 1.4590 and 1.4456.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.4964 and 1.4847).

Supports and resistances

1.5701 **

1.5567 *

1.5434 **

1.5300

1.4993 last

1.4902

1.4814 **

1.4590 *

1.4456 **

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