USD/CAD awaits NFP

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs38%36%4.9%
Shorts62%64%-3.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The US Dollar was trading within the range of 1.3345/1.3296 against the Canadian Dollar during Thursday's trading session.

It is important to note that today's macroeconomic data releases, namely, the US Non-Farm Payroll, Trade Balance, and the US Fed's Chairman speech could increase volatility in the market.

From a technical point of view, the USD/CAD exchange rate could fall within this session.

However, technical indicators demonstrate that the currency exchange rate could continue its upside momentum during the following trading session.

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