USD/CAD might trade up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs51%52%-1.8%
Shorts49%48%1.8%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate

The US Dollar depreciated about 48 base points against the Canadian Dollar on Tuesday. The decline was stopped by a support level formed by the weekly pivot point at 1.3136.

It is likely that the USD/CAD exchange rate could bounce off a support cluster formed by the weekly PP and the 200-hour simple moving average at 1.3136 within the following trading session.

However, the 50– and 100-hour SMAs at 1.3162 might provide resistance for the currency exchange rate during the following hours.

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