"The US dollar is mixed, but mostly a little lower."
— Marc Chandler, Brown Brothers Harriman (based on investing.com)
Pair's outlook
By the middle of Friday's trading session the US Dollar made an attempt to reach the resistance at 1.3752 against the Canadian Dollar, and it failed. As the lower than expected US CPI and Retail Sales data was released, the currency exchange rate retreated once more below the weekly PP, which is located at the 1.3695 mark. The currency pair had reached levels near the weeks opening level, and, unless by the end of the day a decline occurs, the pair will have had a flat week. On the other hand below the weekly PP, the closest support level is the weekly S1, which is located at the 1.3596 level.
Traders' sentiment
Traders remain largely bearish on the pair. 72% of open SWFX positions are short, and 66% of trader set up orders are to sell the Buck.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -44% | -50% | -44% | |
| Orders | -32% | -34% | -34% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| ADX (14) | Buy | Neutral | Neutral | |
| CCI (14) | Neutral | Sell | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ↗ | ↗ | ↑ | |