USD/CAD Bear grew stronger

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

Positions Today Yesterday % Change
Longs 58% 62% -6.90%
Shorts 42% 38% 9.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3; 3) Neutral Sell Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The decline continues for the US Dollar against other major currencies, the Canadian Dollar is no exception. By the end of Friday's trading session, the pair plummeted even further south. 

The weekly PP at 1.2365 is pushing the currency exchange rate further down and the bear continues to be growing stronger. 

Furthermore, the US Dollar is likely to continue trading south because of the fundamental events in the US. The US Congress fighting to pass the long-term budget, Donald Trump's diplomacy and the immigration plan.

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