Dukascopy Bank Team
Dukascopy Bank SA
USD/CAD
The US Dollar has continued to trade sideways against the Canadian Dollar since Monday's trading session. The currency pair made about 22 pips movement on Monday.
Given that the exchange rate has failed to surpass the 50– hour simple moving average, the USD/CAD pair will most likely continue to trade south during the following trading session.
However, if the currency exchange rate breaks the 50– hour SMA, a surge towards the 1.3040 area could be expected within this session.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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