USD/CAD reaches two-week high

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs55%54%2.5%
Shorts45%46%-3.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

During the past 24 hours of trading, the US Dollar has depreciated about 0.74% in value against the Canadian Dollar. The currency pair reached a two-week high at 1.3148 during the Asian session on Tuesday.

As for the near future, the exchange rate could make a brief retracement towards a support level formed by the 50-hour simple moving average at 1.3081 within this session.

However, the weekly resistance level at 1.3108 could act as a support level during the coming trading hours.

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