USD/CAD targets at the 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 38% 41% -7.89%
Shorts 62% 59% 4.84%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The Greenback continue to appreciate against the Loonie for the second consecutive trading session. This upward movement has resulted in the pair to breached the 55-  and 100-hour SMA and a resistance cluster set by the weekly and the monthly PPs located near the 1.3112 mark. 

Should in case the present sentiment persist, The exchange rate is likely to breakout from a descending pattern and aim for the 200-hour moving average during the following trading session.

By and large, the USD/CAD currency exchange rate is expected to continue its upward movement within this session.

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