USD/CAD moving towards support cluster at 1.3205

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs45%43%4.1%
Shorts55%57%-3.4%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇘⇒

[ANNOUNCE]The US Dollar depreciated about 62 basis points against the Canadian Dollar on Friday. The decline was stopped by a support level formed by the monthly S1 at 1.3208 during the previous session.[/ANNOUNCE]

Everything being equal, the USD/CAD exchange rate will most likely continue to decline today. The currency pair might pass the support cluster at 1.3205 within this session.

However, if the support cluster holds, a brief retracement towards the 50– and 100– hour SMAs at 1.3255 could be expected during the following trading session.

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