USD/CAD slips under the weekly PP

USD/CAD pair found a small support today and attempts to move back north. However, movement in January was very volatile and the price gradually returns back to the statistical average. The 200-day SMA is at 0.0.9957, together with the weekly S1. Slightly lower at 0.9930 the 20-day SMA is located, which indicates the middle point of the Bollinger lines, which currently are spread extremely wide.

The market participants remain confused about the further movement, since the both sides have almost equal shares, 47% of positions are long and 53% are short. Pending orders market is bullish, as 66% of orders are buy and 34% are sell.