USD/CAD targets at 1.3680

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

Positions Today Yesterday % Change
Longs 29% 28% 3.45%
Shorts 71% 72% -1.41%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The US Dollar has been moving sideways against the Canadian Dollar since December 23. The currency pair continued its movement in the narrow range during Wednesday's trading session.

However, the exchange rate broke out from the four days trading range during the European session on Thursday.

As for the near future, it is likely that the currency exchange rate will continue moving in its one-month ascending channel pattern and potentially aim at the upper boundary at 1.3680.

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