USD/CAD bearish sentiment

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

Positions Today Yesterday % Change
Longs 36% 35% 2.78%
Shorts 64% 65% -1.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Neutral Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

As shown on the chart, the Greenback has major fluctuations during the past few days. The currency pair returned at the same price level as on Tuesday slightly above the 1.2870 mark.

Due to the US and Canadian fundamental event which is scheduled at 13:30GMT could change the direction for the USD/CAD pair.

Everything being equal, it is likely that the newly formed junior channel could hold during the following trading session.  

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