USD/CAD awaits Canadian trade balance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs34%34%1.3%
Shorts66%66%-0.7%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

During the first half of today's trading session, the US Dollar versus the Canadian Dollar broke a resistance level formed by the weekly pivot point at 1.3484. The Greenback continued to appreciating in an ascending channel pattern.

Most likely, the USD/CAD currency pair will surge towards a swing high of 1.3516 within this session. furthermore, technical indicators flash bullish signals on both the smaller and the larger time-frame charts.

However, Thursday's macroeconomic date releases scheduled at 12:30 GMT could change the overall positioning of the currency exchange rate.

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