USD/CAD awaits US employment data - Technical Analysis - Dukascopy Bank
Fri, 07 May 2021 07:07:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
71%
74%
-4.5%
Shorts
29%
26%
10.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Buy
Buy
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
Downside risks pressured the US Dollar against the Canadian Dollar on Thursday. The currency pair breached the support level at 1.2250 during Thursday's trading session.
The exchange rate could continue to trend bearish during the following trading session. The potential target for the USD/CAD pair would be near the 1.2100 level.
However, today's macroeconomic data release, namely, the US employment data, scheduled at 12:30 GMT could influence the overall move of the currency exchange rate today.
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