USD/CAD bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%72%1.1%
Shorts27%28%-3.0%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Tuesday, the US Dollar declined by 72 pips or 0.57% against the Canadian Dollar. The USD/CAD currency pair tested the 1.2581 level during yesterday's trading session.

Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the USD/CAD exchange rate could edge higher during the following trading session.

However, bullish traders might encounter a resistance cluster at 1.2655 within Wednesday's session.

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