USD/CAD consolidates above 1.2080 - Technical Analysis - Dukascopy Bank
Wed, 12 May 2021 08:12:41 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
70%
75%
-6.1%
Shorts
30%
25%
14.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
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 traded sideways against the Canadian Dollar on Tuesday. The USD/CAD currency pair consolidated above the 1.2080 level during Tuesday's trading session.
The exchange rate breached the 50– hour simple moving average during the Asian session on Wednesday. Most likely, bullish traders could push the price higher today.
However, technical indicators suggest that the currency exchange rate may continue its downtrend move during the following trading session.
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