USD/CAD rally to continue

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

 Positions Today Yesterday Change
 Longs 32% 39% -21.9%
 Shorts 68% 61% 10.3%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Neutral Sell Neutral
 Alligator(13;8;5) Buy Neutral Neutral
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

The US Dollar has been moving with low volatility against the Canadian Dollar since Monday's trading session. The currency pair made a 67 pips movement during the last 24 hours.

Everything being equal, it is likely that the currency exchange rate continues its upside movement within this session. The potential upside target will be near a resistance level at 1.3368. 

However, bearish traders may push the USD/CAD exchange rate down towards the weekly pivot point at 1.3240 during this session.

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