AUD/CAD intraday : as long as 0.8877 is support look for 0.8935

Our pivot point is at 0.8877.

Our preference: as long as 0.8877 is support look for 0.8935

Alternative scenario: below 0.8877, expect 0.8857 and 0.8846.

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 above its 20 and 50 period moving average (respectively at 0.8890 and 0.8865).

Supports and resistances:

0.8958 **

0.8947 *

0.8935 **

0.8923

0.8893 last

0.8885

0.8877 **