USD/CAD jumps above 1.35 mark

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 46% 42% 8.70%
Shorts 54% 58% -7.41%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The favoured scenario of the crossroads of the USD/CAD currency exchange rate came true only three hours after the analysis was made on Wednesday. The Greenback scored gains against the Loonie and in a few hours reached above the 1.35 mark. However, after the jump, the surge does not seem to continue, as the pair fluctuated since then between the levels of 1.3500 and 1.3520 until the middle of Thursday's trading session. The reason for that most likely is the fact that the markets were expecting the most recent political scandal to evolve in the US. Meanwhile, from a technical perspective the pair is likely to reach for the first weekly resistance at the 1.3546 level, as the supporting pivot point is strengthened by various SMAs.

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