USD/CAD plummets below 1.3250

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

Positions Today Yesterday % Change
Longs 44% 43% 2.27%
Shorts 56% 57% -1.79%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The US Dollar has lost major ground against the Canadian Dollar, as by the middle of Tuesday's trading session the currency exchange rate was below the third weekly support level, which is located at the 1.3291 level. The currency pair seemed to have slowed down its decline, as it started to reveal some green hourly candles. The next significant support that the pair was set to encounter was the second monthly support at the 1.3218 mark. If the pair rebounds against this support level, it is likely going to surge up to the just mentioned weekly S3. On the other hand, a passing of the monthly support would indicate that another large decline is possible, as the weekly support levels and the hourly SMAs have been left behind above the pair.

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