USD/CAD bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%27%3.9%
Shorts71%73%-1.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇒⇒⇒

[ANNOUNCE]The US Dollar declined by 375 pips or 2.58% in value against the Canadian Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern during Friday's trading session. [/ANNOUNCE]

The exchange rate bounced off the bottom border of the channel pattern at the end of Friday's session. Most likely, the USD/CAD pair will edge higher in the ascending channel pattern today.

However, technical indicators demonstrate that the currency exchange rate might trade sideways during the following trading session.

Actual Topics