USD/CAD breakout occurs

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

Positions Today Yesterday % Change
Longs 38% 38% 0.00%
Shorts 62% 62% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The USD/CAD currency pair has continued to trade sideways movement for the fifth consecutive trading session. However, the US Dollar slightly increased its trading range against the Canadian Dollar on Thursday.

It is likely that the Greenback will gain strength against the Loonie during the following trading session.

Nevertheless, it is expected that the currency exchange rate edges lower towards the 1.3250 mark today.

The combination of the 50-, 100-, and 200-hour SMAs at 1.3262 might provide support for the pair within this session.

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