USD/CAD lost more points

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

Positions Today Yesterday % Change
Longs 55% 58% -5.45%
Shorts 45% 42% 6.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The decline of the US Dollar against other major currencies continues. The US dollar had lost 70 points against the Canadian Dollar by the middle of Tuesday's trading session after a short period of gains during the Monday session. 

The currency exchange rate has continued its bearish path, and the pair is moving in a descending channel. Technical indicator favor another decline toward the weekly pivot point at 1.2234 level. 

Regarding the short-term future, the US dollar should soon start gaining strength against the Canadian Dollar, the bull might take over the pair from the support at 1.2234 level.

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