USD/CAD buy signals today

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Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 27% 28% -3.70%
Shorts 73% 72% 1.37%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇗ ⇒

[ANNOUNCE]The US Dollar has been trading in an ascending channel pattern against the Canadian Dollar since the beginning of December. The pair revealed a new uptrend line during the previous session and tested the bottom border by the end of Wednesday's trading session.[/ANNOUNCE]

Technical indicators suggest that the bullish sentiment is likely to continue within this session.

However, given that the 50– and 100-hour SMAs are above the price level, it is possible that the currency exchange rate will target the 200-hour simple moving average at 1.3596 today.

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