USD/CAD broke previous drawn pattern

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

Positions Today Yesterday % Change
Longs 60% 64% -6.67%
Shorts 40% 36% 10.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar has breached the lower boundary of the previously-active junior channel against the Canadian Dollar. However, the currency pair was not trading below the Monday's  trading session's levels. 

During the middle of the European trading session, the Buck broke the resistance of the 55– and the 100—hour SMAs which were located near the 1.2580 mark. 

Given that the currency exchange rate has broken the previously-drawn pattern, the pair could be heading for a decline.

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