USD/CAD awaits NFP

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

 Positions Today Yesterday Change
 Longs 42% 34% 19.0%
 Shorts 58% 66% -13.8%
       
 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 Neutral
 SAR(0.02;0.2) Sell Sell Sell
 Aggregate

During the last 24hrs, the US Dollar has depreciated about 72 base points against the Canadian Dollar. The currency pair breached both the 50– and 100-hour simple moving averages at the end of yesterday's trading session.

Everything being equal, it is likely that the USD/CAD exchange rate will continue its decline within this session. The potential downside target will be near a swing low at 1.3120.

However, it is important to note that the US macroeconomic data releases scheduled at 12:30 GMT could influence the currency exchange rate movement during the following trading session.

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