USD/CAD awaits Canadian GDP data release

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

Positions Today Yesterday % Change
Longs 51% 50% 1.96%
Shorts 49% 50% -2.04%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar traded sideways against the Canadian Dollar on Tuesday. The currency pair was moving between a range of 1.3149 and 1.3102 through out yesterday's trading session.

Currently, the exchange rate is located near the lower boundary of a one-week ascending channel at 1.3120 and could be set for a breakout. 

However, traders are advised to be careful of their trades, as the Canadian GDP macroeconomic data releases scheduled at 12:30 GMT could change the overall positioning of the USD/CAD currency exchange rate.

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