Alternative scenario : below 0.9446, expect 0.9422 and 0.9408.
Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.9464) but below its 50 MA (0.9475).
AUD/CAD intraday: the upside prevails as long as 0.9606 is support
Our pivot point stands at 0.9606.
Our preference : the upside prevails as long as 0.9606 is support.
Alternative scenario : the downside breakout of 0.9606 would call for 0.9582 and 0.9568.
Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.9612 and 0.9608).
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