USD/CAD surges after NFP

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

 Positions Today Yesterday Change
 Longs 39% 42% -7.7%
 Shorts 61% 58% 4.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Buy
 RSI(14) Sell Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Buy Neutral Neutral
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

Upside risks prevailed in the market on Friday, thus sending the US Dollar to appreciate by about 177 base points against the Canadian Dollar. The currency pair breached some significant resistance levels during Friday's trading session.

Most likely, it is expected that bearish traders push the price downwards within this session. The potential downside target will be near the weekly pivot point at the 1.3240 area.

If the weekly PP holds, the Greenback will continue to gain strength against the Loonie during the following trading session.

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