USD/CAD awaits US employment data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs71%74%-4.5%
Shorts29%26%10.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒

[ANNOUNCE]Downside risks pressured the US Dollar against the Canadian Dollar on Thursday. The currency pair breached the support level at 1.2250 during Thursday's trading session.[/ANNOUNCE]

The exchange rate could continue to trend bearish during the following trading session. The potential target for the USD/CAD pair would be near the 1.2100 level.

However, today's macroeconomic data release, namely, the US employment data, scheduled at 12:30 GMT could influence the overall move of the currency exchange rate today.

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