USD/CAD Intraday: the upside prevails as long as 1.3805 is support
USD/CAD (USD/CAD)+0.00693+0.51%
the upside prevails as long as 1.3805 is support.
![image](https://resource.mistorebox.com/pmsync/images/strategy/20240726/cadcad240726212755.gif)
Our pivot point stands at 1.3805.
Our preference: the upside prevails as long as 1.3805 is support.
Alternative scenario: below 1.3805, expect 1.3778 and 1.3762.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3825 and 1.3820).
Supports and resistances:
1.3922 **
1.3905 *
1.3889 **
1.3873
1.3832 last
1.3816
1.3805 **
1.3778 *
1.3762 **
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