EUR/CAD may rise 25 - 38 pips

1.4687 is our pivot point.

Our preference

Our next up target stands at 1.4745.

Alternative scenario

Below 1.4687, expect 1.4666 and 1.4654.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.4704 and 1.4705).

Supports and resistances

1.4769 **

1.4757 *

1.4745 **

1.4732

1.4707 last

1.4695

1.4687 **

1.4666 *

1.4654 **

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