USD/CAD trades in narrow channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%67%-152.4%
Shorts73%33%55.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate

The USD/CAD currency pair continued to trend higher in a narrow ascending channel pattern. The currency pair tested the 1.2750 level during yesterday's trading session.

Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge higher during the following trading session.

However, the currency exchange rate could encounter resistance at 1.2728 within this session.

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