USD/CAD continues bullish

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) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The USD/CAD currency pair continued to strengthen for the third consecutive trading session on Tuesday. This upward movement allowed the pair to reach the upper boundary of a dominant ascending channel.

Despite facing a strong resistance form by the upper boundary of a dominant descending channel, bulls managed to gather enough momentum to push the currency pair above today.

Everything being equal, it is expected that the currency exchange rate continues to maintain the junior pattern until it reaches it up border during the following trading session.

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