USD/CAD below 1.25 mark

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 74% 74% 0.00%
Shorts 26% 26% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Buy Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The US Dollar has decline and trades below the 1.25 mark against the Canadian Dollar on Monday. The mark was reached much faster than expected. However, that has not done harm in most cases. 

It is more important that the pair has passed a speculated dominant support level. Which means that it is possible to search for the real borders of the channel. It has been done, and readers can zoom out on the chart to see the results. 

Meanwhile, most importantly it has to be mentioned, that the lower trend line of the medium term pattern keeps proving itself as a notable support level. 

It is most likely going to guide the pair on its path further to the cluster near the 1.2430 mark.

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