AUD/CAD intraday : as long as 0.8994 is support look for 0.9047

Our pivot point is at 0.8994.

Our preference: as long as 0.8994 is support look for 0.9047

Alternative scenario: below 0.8994, expect 0.8976 and 0.8965.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.9016) but above its 50 period moving average (0.9002).

Supports and resistances:

0.9069 **

0.9058 *

0.9047 **

0.9036

0.9011 last

0.9001

0.8994 **