USD/CAD is highly volatile

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 66% 62% 6.06%
Shorts 34% 38% -11.76%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The US Dollar bounced around against the Canadian Dollar at the middle of Friday's trading session. The reason for such fluctuations was the fact that the US and Canadian unemployment data sets were released simultaneously.  

The data release was covered by the Dukascopy Research Team live. Moreover, one can expect that the move itself will be reviewed separately at the start of next week.

In regards to the future outlook, the pair has a free from resistance range up to the 1.2660 mark. At that level the next notable support level is located at. Meanwhile, one should look out for the upper trend line of a channel up pattern.

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