USD/CAD set for a breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 27% 25% 7.41%
Shorts 73% 75% -2.74%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇒ ⇒ ⇒

[ANNOUNCE]The US Dollar has continued its upside momentum against the Canadian Dollar. The currency pair appreciated about 110 base points during the end of Friday's trading session.[/ANNOUNCE]

The exchange rate was trading near the upper boundary of an ascending channel at 1.3579 during the morning hours of Monday's trading session and could be set for a breakout.

By and large, most likely, the currency exchange rate could make a brief retracement south towards a support cluster formed by the weekly PP and the 50-hour simple moving average at 1.3532 today.

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