USD/CAD continues the decline

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

Positions Today Yesterday % Change
Longs 61% 59% 3.28%
Shorts 39% 41% -5.13%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Neutral
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

There is not much to mention in regards to the development on the USD/CAD currency pair's charts. The pair continues to decline in the previously marked channel down pattern, as the US Dollar continues to lose strength. 

The pair had slightly stopped at the few support levels near the 1.2580 mark, but they did not reverse the direction or hold out for long.

By the middle of Friday the pair was expected to reach the 1.25 mark. The reason for that was the fact that only below that mark the closest support levels are located.

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