AUD/CAD intraday: the upside prevails as long as 0.8903 is support

Our pivot point is at 0.8903.

Our preference: the upside prevails as long as 0.8903 is support.

Alternative scenario: the downside breakout of 0.8903 would call for 0.8850 and 0.8818.

Comment: the RSI is above its neutrality area at 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 0.8939 and 0.8924).

Supports and resistances:

0.9117 **

0.9086 *

0.9054 **

0.9022

0.8954 last

0.8924

0.8903 **