USD/CAD trade in low volatility

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

Positions Today Yesterday % Change
Longs 27% 25% 7.41%
Shorts 73% 75% -2.74%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Tuesday's trading session did not introduce significant changes to the USD/CAD exchange rate price level, as any attempts for the pair to move south was limited by the 55– and 100– hour SMAs.

During the European session on Wednesday. The currency pair breached the lower boundary of an ascending trend line. Furthermore, the pair also tested the aforementioned simple moving averages.  

Should in case no fundamentals event surprise the market, it is unlikely that the overall daily price level is breached today.  In the meantime, technical indicators are still bullish sentiment. 

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