USD/CAD supported by monthly S1

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

Positions Today Yesterday % Change
Longs 67% 55% 17.91%
Shorts 33% 45% -36.36%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

No massive changes occurred to the US Dollar against the Canadian Dollar on Thursday. The currency pair was moving sideways during the previous session.

The USD/CAD exchange rate is currently trading near a monthly pivot point at 1.2897. A breakout from this support level is likely within this session.

However, given that the support line has been holding during the last two consecutive trading sessions, the currency exchange rate could make a brief retracement towards the weekly S1 at 1.2945 during the following trading session. 

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