USD/CAD rate guided by SMA

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

Positions Today Yesterday % Change
Longs 36% 63% -75.00%
Shorts 64% 37% 42.19%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Neutral Neutral
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Buy Buy Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar has extended its gains against the Canadian Dollar. Nevertheless, the surged was stopped by the monthly pivot point at 1.2771.

The 55-hour simple moving average has guided the exchange rate higher, and the currency pair could be heading for a test of the upper boundary of a junior pattern.

Everything being equal, the bullish sentiment should continue dominating the pair during the following trading session. However, the aforementioned monthly PP could introduce a downward pressure on the USD/CAD pair.

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