USD/CAD could still edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs65%68%-3.9%
Shorts35%32%7.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇗⇘

[ANNOUNCE]The US Dollar traded sideways against the Canadian Dollar on Tuesday. The currency pair traded between the range of 1.3350/1.3297 during yesterday's trading session.[/ANNOUNCE]

The exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the daily resistance level at 1.3382.

However, a resistance line at 1.3350 could provide a barrier for bulls in the shorter term.

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