USD/CAD fluctuates above 1.30 mark

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

Positions Today Yesterday % Change
Longs 58% 59% -1.72%
Shorts 42% 41% 2.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The fall of the Greenback against the Canadian Dollar stopped in the second half of Wednesday's trading session. The currency exchange rate's decline was stopped by the support of the weekly S3 at the 1.3035 level. However, by the middle of the Thursday's trading session the pair was actually fluctuating below the level of significance, which began to provide resistance. The reason for that might be the better than expected published US Final GDP data. Due to the fact that the publications of macroeconomic data always cause a short term change in the markets, it can be expected that the fall will continue. The US Dollar is most likely going to fall down to the 1.2936 mark, where the monthly S2 is located at.

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