USD/CAD expects to make pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%43%9.8%
Shorts52%57%-8.9%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

A breakout occurred through the lower boundary of an ascending channel pattern at 1.3421 during yesterday's trading session.

The exchange rate is expected to make a pullback towards a resistance level formed by the 50-hour simple moving average at 1.3421.

If the resistance level holds, the currency exchange rate might continue its southern movement within this session.

However, if the USD/CAD currency pair passes the 50-hour SMA, a surge towards the weekly pivot point at 1.3460 could be expected today.

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