USD/CAD target at 1.3371

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

 Positions Today Yesterday Change
 Longs 34% 34% 0.0%
 Shorts 66% 66% 0.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Buy Neutral Neutral
 Alligator(13;8;5) Neutral Sell Buy
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate

The US Dollar has been trading in a junior ascending channel pattern against the Canadian Dollar since the beginning of February. The currency pair breached the monthly pivot point at 1.3302 during yesterday's session.

Given that the currency exchange rate has breached the monthly PP as mentioned above, bullish traders could push the pair towards a resistance level formed by the weekly R1 at 1.3378. 

Meanwhile, technical indicators demonstrate that bulls will continue their dominance in the market within this session.

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