USD/CAD like to edge lower today

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

Positions Today Yesterday % Change
Longs 46% 47% -2.17%
Shorts 54% 53% 1.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The US Dollar traded sideways movement against the Canadian Dollar on Thursday. The 50-hour simple moving average provided resistance for the currency pair at 1.3250 during Thursday's trading session. 

Everything being equal, it is likely that the currency exchange rate continues to edge lower during the following trading session.

Bearish traders could push the USD/CAD currency pair towards a support cluster formed by the combination of the weekly and the monthly pivot points at 1.2985 before the end of this week's session.

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