USD/CAD stranded between SMAs

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

Positions Today Yesterday % Change
Longs 72% 68% 5.56%
Shorts 28% 32% -14.29%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

After reaching a new low at 1.2254, the US Dollar to managed to regain some of its lost points against the Canadian Dollar by the end of Wednesday's trading session. 

 The US Dollar stayed solid against its Canadian counterpart during the first part of Thursday's trading session. Meanwhile, a breakout occurred through the upper boundary. Although, by the end of the European trading session, the pair remain stranded between SMAs. 

The USD/CAD pair is likely to continue upwards in the short-term, and the surge should find resistance at the monthly PP at 1.2365 mark.

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