USD/CAD edges lower on Monday

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

Positions Today Yesterday % Change
Longs 37% 38% -2.70%
Shorts 63% 62% 1.59%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The US Dollar depreciated about 96 base points against the Canadian Dollar on Friday. The currency pair breached the three moving averages during the end of the previous session.

The depreciation continues during the first part of Monday's trading session, and by the middle of the European session, the exchange rate has plunged further 84 base points.

Everything being equal, it is likely that the USD/CAD currency exchange rate continues its decline within this session.

However, a brief retracement towards the weekly PP at 1.3234 could be expected.

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