USD/CAD trading flat

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs45%51%-13.1%
Shorts55%49%10.6%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇘⇗

[ANNOUNCE]The US Dollar has been trading in a horizontal channel against the Canadian Dollar since June 20. The currency pair tested the upper boundary of the channel pattern at 1.3229 on Friday.
[/ANNOUNCE]
Everything being equal, it is likely that the USD/CAD exchange rate could maintain the horizontal channel pattern within this session. The pair is gradually moving towards the bottom border of the pattern.

Meanwhile, technical indicators demonstrate that a breakout through the lower boundary of the horizontal channel could occur during the following trading session.

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