USD/CAD moving along 50-hour SMA

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

Positions Today Yesterday % Change
Longs 31% 25% 19.35%
Shorts 69% 75% -8.70%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The US Dollar maintained a junior descending channel pattern against the Canadian Dollar on Monday. The currency pair gained about 59 base points during yesterday's trading session.

The exchange rate was trading along the 50-hour simple moving average during the first half of Tuesday's trading session.

The short-term target for the currency exchange rate will be near a resistance cluster formed by the weekly pivot point and the upper boundary of the junior descending channel pattern at 1.3153.

The pair could make a pull-back from the resistance cluster as mentioned above.

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