USD/CAD awaits data releases

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

Positions Today Yesterday % Change
Longs 53% 50% 5.66%
Shorts 47% 50% -6.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Upside risks dominated the US Dollar against the Canadian Dollar on Thursday. The currency pair tested the swing high at 1.3072 as predicted by the analyst during the end of yesterday's session. 

Presently, the exchange rate is trading near the bottom border of a one-week ascending channel at 1.304 and could be set for a breakout. 

If this breakout occurs, the next target for the currency pair will be at a support cluster formed by the combination of the weekly and the monthly PPs near the 1.30 mark.

Moreover, the Canadian fundamental releases scheduled at 12:30 GMT could play a roll in the positioning of the pair today.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.