USD/CAD might trade sideways

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs52%53%-1.5%
Shorts48%47%1.7%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate

The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair made about 31 base points movement during yesterday's trading session.

The exchange rate reversed from the bottom line of an ascending trendline during the morning hours of Tuesday's trading session and gradually edging up. 

Most likely, the currency exchange rate could aim for a swing high at 1.3200 during the following trading session.

However, technical indicators suggest that the USD/CAD pair might continue to trade with low volatility today.

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