USD/CAD pressure by 50-hour SMA

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

 Positions Today Yesterday Change
 Longs 34% 34% 0.0%
 Shorts 66% 66% 0.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Buy Neutral Neutral
 Alligator(13;8;5) Neutral Sell Buy
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate

The US Dollar edged lower against its Canadian peers on Tuesday. The exchange rate lost about 79 base points of its values during Tuesday's trading session. In the meantime, the overall market sentiment remained bearish during the first half of today's session.  

Technical indicators demonstrate that the decline of the currency pair will continue within this session. The potential downside target will be at a swing lower of 1.3120 within this session. 

However, it is expected that the currency exchange rate makes a retracement towards the 200-hour simple moving average at 1.3209 today.

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