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USD/CAD remains near 1.2500

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%74%-0.7%
Shorts26%26%2.0%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇒

[ANNOUNCE]The US Dollar surged by 68 pips or 0.55% against the Canadian Dollar on Monday. The currency pair tested the upper line of a descending channel pattern during Monday's trading session.[/ANNOUNCE]

The exchange rate reversed from the upper boundary of the channel pattern during the Asian session on Tuesday. Most likely, bearish traders could continue to drive the USD/CAD pair lower today.

However, the currency exchange rate might find support at 1.2487 during the following trading session.

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20 Apr 2021

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