USD/CAD bullish momentum

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

Positions Today Yesterday % Change
Longs 50% 53% -6.00%
Shorts 50% 47% 6.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Buy Sell
Aggregate ⇘ ⇒ ⇒

[ANNOUNCE]Upside risks prevailed in the market on Wednesday, thus sending the US Dollar to surged by 0.70% against the Canadian Dollar. The currency pair dashed through a resistance cluster formed by the weekly and the monthly PPs at 1.3006 during the end of yesterday's session. [/ANNOUNCE]

Everything being equal, it is likely that the exchange rate continues it bullish momentum today. The potential target for the pair in the short-term could be at a swing high of 1.3072 within the following trading session.

However, the currency exchange rate could reverse from current price level and aim at a support level near the 1.30 mark within this session.

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