USD/CAD continues to trade flat - Technical Analysis - Dukascopy Bank
Mon, 03 May 2021 07:07:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
73%
71%
3.2%
Shorts
27%
29%
-8.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Buy
Buy
Buy
Stochastic(5;3;3)
Neutral
Buy
Buy
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇒
⇒
The US Dollar continued to trade sideways against the Canadian Dollar on Friday. The currency pair made about 38 pips 0.31% movement during Friday's trading session.
Technical indicators suggest that the USD/CAD pair could edge lower during Monday's trading session.
The exchange rate is likely to break the 1.2310/1.2270 range during the following session.
However, the 50– hour SMA at 1.2287 might provide support for the currency exchange rate within this session.
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