USD/CAD moving towards support cluster at 1.3275

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%54%-15.6%
Shorts53%46%13.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

A resistance cluster, formed by the monthly R2 and the weekly R1 near the 1.3347 regions restricted the movement of the USD/CAD currency pair during yesterday's trading session.

The US Dollar might edge lower towards a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 1.3266 during the following trading session.

If the 200- hour SMA and the weekly PP hold, the currency exchange rate will likely continue its upward movement in the nearest future.

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