USD/CAD could edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%57%1.4%
Shorts42%43%-2.0%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellBuy
Alligator(13;8;5)BuySellNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇘⇒

[ANNOUNCE]The US Dollar is gradually edging higher against the Canadian Dollar in an ascending channel pattern. The currency pair breached the 1.3600 level during the Asian session on Monday. [/ANNOUNCE]

Everything being equal, the USD/CAD exchange rate could continue to trade bullish within the following trading session. Buyers could target the weekly R1 at the 1.3729 area.

The currency exchange rate will possibly make a U-turn from the weekly resistance level at 1.3729 within today's session.

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