USD/CAD trade in high volatility

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

Positions Today Yesterday % Change
Longs 40% 42% -5.00%
Shorts 60% 58% 3.33%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The bearish momentum has guided the US Dollar down against the Canadian Dollar. By the end of Wednesday's trading session, the exchange rate has lost 171 base point or 1.33%.

The USD/CAD currency pair introduced a significant change to the price movement during Thursday's session as can be observed on the chart.  Furthermore, the pair has returned back to the junior descending channel.

The weakness of the US Dollar against other major currencies could have a negative effect on the total price movement of the currency exchange rate during the next 24hrs.  

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