EURCAD on the MA50 (1d) after 2 months.

EURCAD hit today the MA50 (1d) for the first time since May 12th.
The real pivot though that turns the trend from bearish to bullish and vice versa, has been the MA100 (1d), which is currently a little higher at 1.45996.
A candle close over it, is a buy signal, despite the presence of Resistance (1).
The long term trend remains bullish supported by the MA200 (1d) and the Rising Support since August 2022.

Trading Plan:
1. Buy if the price closes a candle over the MA100 (1d).

Targets:
1. 1.5000 (near Resistance 2)

Tips:
1. The RSI (1d) has formed a Channel Up pattern which is consistent with the rallies of November 2022 and February 2023.

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