USD/CAD expects a breakout

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

Positions Today Yesterday % Change
Longs 69% 58% 15.94%
Shorts 31% 42% -35.48%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate
The USD/CAD pair continues to be maintain its movements in the previously described ascending channel. However, there was a breakout through the lower boundary of the junior channel by the end of US trading session on Tuesday. 

During the Wednesday's trading session, the pair had a period of consolidation due to the fact that traders were still indecisive.  

As for the near future, traders should watch out for a breakout from the rectangle. In addition, technical indicators suggest a mixed signal.

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