USD/CAD trades near resistance cluster at 1.2571 - Technical Analysis - Dukascopy Bank
Mon, 12 Apr 2021 07:27:22 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
56%
56%
1.6%
Shorts
44%
44%
-2.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇘
⇒
The US Dollar declined by 82 pips or 0.65% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.
The exchange rate bounced off from the bottom border of the channel pattern at 1.2526 during the Asian session on Monday.
Most likely, the USD/CAD pair could continue to edge higher during the following trading session.
However, a resistance cluster at 1.2571 is likely to provide resistance for the currency exchange rate in the shorter term.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.