USD/CAD bulls sentiment

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

Positions Today Yesterday % Change
Longs 39% 37% 5.13%
Shorts 61% 63% -3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Greenback maintained a stable position against the Canadian Dollar on Thursday. The USD/CAD exchange rate has been moving higher systematically for the third consecutive session.

The currency pair edged slightly higher during the early hours of Friday's trading session and has managed to breach both the monthly R1 and the weekly R2 near the 1.3050 area. However, the rate has encountered a short period of consolidation during the European session. 

Given that technical indicators suggest that the currency exchange rate is in the overbought zone, the price movement could make a U-turn south.

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