USD/CAD moving towards target

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs45%47%-4.1%
Shorts55%53%3.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇗⇒⇒

[ANNOUNCE]Upside risks dominated USD/CAD on Thursday. The currency pair bounced off a support level formed by the weekly S1 at 1.3271 during the Asian session on Thursday. The pair ended yesterday's trading session with 124 base points gains. [/ANNOUNCE]

The exchange rate was trading above a weekly pivot point at 1.3356 during the first half of today's trading session.

If the weekly PP holds, the currency exchange rate could target the upper boundary of a medium-term ascending channel pattern at 1.3465.

However, if the rate passes the support level, a decline towards the 50-, 100– and 200-hour SMAs could be expected.

Actual Topics