USD/CAD continues to trade flat

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%71%3.2%
Shorts27%29%-8.8%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyBuy
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

The US Dollar continued to trade sideways against the Canadian Dollar on Friday. The currency pair made about 38 pips 0.31% movement during Friday's trading session.

Technical indicators suggest that the USD/CAD pair could edge lower during Monday's trading session.

The exchange rate is likely to break the 1.2310/1.2270 range during the following session.

However, the 50– hour SMA at 1.2287 might provide support for the currency exchange rate within this session.

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