USD/CAD decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%73%1.7%
Shorts26%27%-4.7%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇘⇘

[ANNOUNCE]The US Dollar declined by 36 points or 0.28% against the Canadian Dollar on Tuesday. The currency pair breached the 50, 100– and 200– hour SMAs during Tuesday's trading session.
[/ANNOUNCE]
All things being equal, the exchange rate is likely to continue to edge lower in a narrow descending channel pattern. A breakout through the lower boundary of the descending channel could occur within this session.

However, if the channel pattern holds, the USD/CAD currency exchange rate could make a brief pullback towards the 1.2740 level today.

Actual Topics