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USD/CAD decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%73%0.8%
Shorts26%27%-2.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇒⇒

[ANNOUNCE]The US Dollar declined by 90 pips or 0.74% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.[/ANNOUNCE]

As for the near future, the exchange rate could continue to trend bearish. Sellers are likely to target the weekly support level at 1.2030 during the following trading session.

However, a support level at 1.2067 could provide support for the USD/CAD currency exchange rate within this session.

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