EUR/CAD intraday: the upside prevails as long as 1.5681 is support

Our pivot point stands at 1.5681.

Our preference: the upside prevails as long as 1.5681 is support.

Alternative scenario: the downside breakout of 1.5681 would call for 1.5619 and 1.5582.

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 trading above both its 20 and 50 period moving average (respectively at 1.5707 and 1.5696).

Supports and resistances:

1.5927 **

1.5890 *

1.5853 **

1.5816

1.5734 last

1.5705

1.5681 **