USD/CAD targets at 1.3080

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

Positions Today Yesterday % Change
Longs 52% 48% 7.69%
Shorts 48% 52% -8.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The US Dollar declined massively against the Canadian Dollar on Wednesday. The currency pair lost about 0.99% of its values during the end of Wednesday's trading session.

Everything being equal, it is expected that the USD/CAD currency pair makes a brief pullback towards a resistance cluster formed by the 50– and 100-hour SMAs at 1.3080 during the following trading session. 

However, the 200-hour simple moving average at 1.3042 could hinder the currency exchange rate from reaching the given target as mentioned earlier today.

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