USD/CAD slides for a fourth session

USD/CAD continues to gradually depreciate and is about to test strength of a bullish trend, as the 20-day SMA is just below. Settlement beneath this level would indicate a bullish trend reverse and would open a free area for another 60 pips drop till the monthly PP and weekly S2 at 1.0182 or even 120 pips fall to the Bollinger band and weekly S3 level at 1.0130.

Bulls increase their share slightly, as it reaches 55% of the spot market. Placed orders segment is heavily bullish with 72% of orders standing for a buy position and only 28% for a sell.