USD/CAD awaits macroeconomic data releases

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs61%59%3.8%
Shorts39%41%-6.0%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair consolidated below the 1.3550 level during yesterday's trading session.

Technical indicators flash sell signals on both the smaller and the larger time-frame charts. Therefore, bearish traders could pressure the exchange rate lower during the following trading session.

However, Friday's US Non-Farm Payroll data releases scheduled at 12:30 GMT could determine the movement of the currency exchange rate.

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