USD/CAD targets 1.3035 level

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

Positions Today Yesterday % Change
Longs 41% 38% 7.32%
Shorts 59% 62% -5.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

After the plummeting of the US Dollar caused by the weaker than expected US employment data and a steady release of Canadian Employment data kept the Canadian Dollar unchanged, the USD/CAD currency rate was continuing its decline. 

Namely, the rate fell down to fluctuate below the 1.31 mark. However, the decline had not encountered any support by the middle of Monday's trading session.

There was no notable support level observable as low as the 1.3035 level. At that level the first weekly supporting pivot point level was located.

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