USD/CAD breaks most patterns

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 63% 63% 0.00%
Shorts 37% 37% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The USD/CAD has shown a miraculous move. After touching the 1.25 mark and revealing an ascending channel pattern during the first half of this week the currency exchange rate was expected to surge. 

However, decline which lasted for an hour in the middle of Tuesday's trading session resulted in a passage of the support provided by the various SMA's and a medium term pattern's lower trend line. 

Due to that reason a few hours later a decline began, which by the middle of Wednesday was about to reach the 1.3230 level, where a dominant patterns support line was located at.

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