USD/CAD reveals new junior pattern

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

Positions Today Yesterday % Change
Longs 62% 52% 16.13%
Shorts 38% 48% -26.32%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar appreciated about 91 base points against the Canadian Dollar on Friday. The currency pair revealed a new junior ascending channel pattern during the end of Friday's session.

As for the near future, it is likely that the USD/CAD currency pair continues its upside movement and could target the monthly resistance level at 1.3291 during the following trading session.

On the other hand, the currency exchange rate might reverse from the current price level at aim at the 200-hour simple moving average at 1.3119 today.

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