USD/CAD buy signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%26%8.9%
Shorts71%74%-3.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyNeutralBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇒⇗

[ANNOUNCE]The US Dollar declined by 160 pips or 1.13% against the Canadian Dollar on Thursday. The currency pair tested the monthly pivot point at 1.4013 during Thursday's trading session. [/ANNOUNCE]

The exchange rate bounced off the monthly PP on Friday morning. Most likely, the USD/CAD pair will continue to edge higher within this session. The possible target for bulls would be at the 1.4200.

However, a resistance level formed by the weekly R1 at 1.4161 could still provide resistance for the currency exchange rate during the following trading session.

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