USD/CAD bullish sentiment today

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

Positions Today Yesterday % Change
Longs 55% 53% 3.64%
Shorts 45% 47% -4.44%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The US Dollar appreciated about 45 base points against the Canadian Dollar on Monday. The currency pair breached all three SMAs during the end of yesterday's trading session.

The exchange rate moved past a strong resistance level at 1.3115 during the middle of the European session on Tuesday.

Given that the currency exchange rate has dashed through that resistance line, the next target for the pair will be at a swing high of 1.3174 during the following trading session.

However, technical indicators suggest that a decline in price might occur within this session.

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