USD/CAD relatively calm

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

Positions Today Yesterday % Change
Longs 64% 63% 1.56%
Shorts 36% 37% -2.78%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Neutral Neutral
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

As shown on the chart, the Buck has remained stable against the Loonie during the previous trading session. 

As expected, the currency pair breached weekly pivot point at 1.2653. The US Dollar is showing strength against major currencies during Wednesday's trading session. However, this situation might change as traders await US data release. 

Everything being equal, the US Dollar is likely to continue its surge against the Canadian Dollar until it finds resistance at the monthly R2 at 1.2725.

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