USD/CAD selling signals - Technical Analysis - Dukascopy Bank
Wed, 30 Dec 2020 08:09:38 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
73%
70%
3.7%
Shorts
27%
30%
-10.1%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇘
The US Dollar has declined by 57 pips or 0.44% against the Canadian Dollar since yesterday's trading session. The currency pair breached the 200– hour simple moving average on Tuesday.
Everything being equal, bears could continue to pressure the USD/CAD exchange rate lower during the following trading session. A breakout through the lower boundary of a descending channel pattern might occur.
However, if the channel pattern holds, the currency exchange rate is likely to make a pullback towards a resistance cluster at 1.2824 within this session.
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