EUR/CAD intraday : rebound towards 1.5969

Our pivot point is at 1.5870.

Our preference: rebound towards 1.5969

Alternative scenario: below 1.5870, expect 1.5839 and 1.5820.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.5898 and 1.5908).

Supports and resistances:

1.6007 **

1.5988 *

1.5969 **

1.5950

1.5896 last

1.5883

1.5870 **