USD/CAD target at 1.3186

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

 Positions Today Yesterday Change
 Longs 25% 31% -22.7%
 Shorts 75% 69% 7.7%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Neutral Buy
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate

The Greenback depreciated by 91 base points against the Canadian Dollar on Friday. The exchange rate breached the 50-hour simple moving average at 1.3263 during Friday's trading session.

As for the near future, it is likely that the currency pair will continue to fall in the short-term. The possible downside target will be near the lower boundary of a junior ascending channel pattern at 1.3186.

However, it is important to note that a support cluster set by the 100-hour simple moving average and the weekly pivot point at 1.3232 could hinder such movement to occur today.

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