USD/CAD supported by weekly and monthly PPs

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

Positions Today Yesterday % Change
Longs 64% 52% 18.75%
Shorts 36% 48% -33.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

No significant changes occurred to the US Dollar against the Canadian Dollar on Monday. The currency pair was trading sideways during the previous session.

The USD/CAD exchange rate is presently trading near a support cluster formed by the weekly and the monthly PPs at 1.2786. This support level could push the rate towards the 200-hour simple moving average at 1.2938 within this session.

However, a resistance line formed by the weekly pivot point at 1.2849 and the 50-hour SMA at 1.2857 could hinder the currency exchange rate from reaching its target today.

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