USD/CAD expected to make pullback

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%71%3.0%
Shorts27%29%-8.1%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate

The US Dollar has surged by 82 pips or 0.62% against the Canadian Dollar since yesterday's trading session. The currency pair breached a strong resistance line at the 1.3200 level.

The USD/CAD exchange rate is expected to make a pullback towards a support cluster formed by the 50– and 100– hour simple moving averages at 1.3181 within this session.

However, a support line at 1.3200 could provide support for the currency exchange rate in the shorter term.

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