USD/CAD set for breaks

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%45%9.1%
Shorts51%55%-8.8%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The US Dollar depreciated about 82 base points against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a junior ascending channel pattern at 1.3317 during Friday's trading session.

A breakout through the lower boundary of the junior ascending channel pattern could be expected within this session.

If the breakout occurs, the USD/USD exchange rate will aim for the weekly S1 at 1.3274 today.

However, if the junior channel holds, a surge towards the weekly R1 at 1.3388 could following during the following trading hours.

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