USD/CAD slows down surge

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

Positions Today Yesterday % Change
Longs 52% 64% -23.08%
Shorts 48% 36% 25.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Neutral Neutral
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar maintained a stable position against the Canadian Dollar on Wednesday, thus trading within the range for the whole session.  

The exchange rate edged slightly higher during the early hours of Thursday's trading session, however, no significant changes occurred due to a resistance cluster set by the monthly R1 and the weekly R2 near 1.2751. 

Given that technical signals indicate that the USD/CAD pair is in the overbought zone, the price movement could make a brief retracement south.

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