USD/CAD targets at 1.2924

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

Positions Today Yesterday % Change
Longs 51% 64% -25.49%
Shorts 49% 36% 26.53%
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) Buy Sell Sell
Aggregate

No significant changes occurred to the US Dollar versus the Canadian Dollar on Tuesday. The exchange rate has been moving sideways for the third consecutive trading session.

Presently, the currency pair has moved above a resistance level formed by the 50-hour simple moving average at 1.2834.

Given that the currency exchange rate has breached the resistance line as mentioned earlier, the next target for the price will be near a resistance cluster formed by the 100– and 200-hour SMAs at 1.2924. 

On the other hand, the USD/CAD pair could continue trading sideway until the following trading session.

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