USD/CAD could still edge higher

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%29%-3.7%
Shorts72%71%1.4%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇒⇒

[ANNOUNCE]The US Dollar surged by 54 basis points or 0.41% in value against the Canadian Dollar on Thursday. The currency pair breached the 200– hour simple moving average during yesterday's trading session. [/ANNOUNCE]

All things being equal, the exchange rate will most likely continue to edge higher during the following trading session. The potential target for USD/CAD pair will be at the 1.3300 area.

However, the weekly pivot point at 1.3271 could continue to provide resistance for the currency exchange rate within this session.

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