USD/CAD bulls likely to prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%73%1.4%
Shorts26%27%-3.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇒

[ANNOUNCE]The US Dollar surged by 40 points or 0.30% against the Canadian Dollar on Wednesday. The currency pair breached the 50– and 100– hour SMAs during Wednesday's trading session.
[/ANNOUNCE]
As for the near future, the exchange rate could continue to edge higher. Bullish traders are likely to target the upper line of a descending channel pattern during the following trading session.

However, the weekly pivot point at 1.3187 could provide resistance for the currency exchange rate within today's session.

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