USD/CAD tests weekly PP

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

Positions Today Yesterday % Change
Longs 70% 67% 4.29%
Shorts 30% 33% -10.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The USD/CAD breached the 50-hour SMA 1.2917 and reached the 100-hour SMA at 1.2938 on last Friday.  

Currently, the pair is trading near the weekly PP at 1.2956. If this resistance level is unable to hold, the rate could go upwards to the 200-hour SMA at the 1.2980 mark. 

However, given that technical indicators flash bearish signals for both 4H and 1D time frames, the currency exchange rate could  step lower to the monthly S1 located at 1.2900.

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