USD/CAD decline continues

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

Positions Today Yesterday % Change
Longs 35% 61% -74.29%
Shorts 65% 39% 40.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Sell
Stochastic (5; 3; 3) Buy Buy Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate ⇒ ⇒ ⇒

[ANNOUNCE]The US Dollar continued its decline against the Canadian Dollar on Monday. The USD/CAD exchange rate breached the lower boundary of a dominate ascending channel pattern during Monday's trading session. [/ANNOUNCE]

Everything being equal, it is likely that the Greenback will continue its decline in a descending channel pattern during the following trading session.

The potential target for the bearish traders will be near December 3 swing low of 1.3150.

Furthermore, technical indicators demonstrate that the currency exchange rate will trade with low volatility today.

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