USD/CAD decline could continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%74%0.0%
Shorts26%26%0.0%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗

[ANNOUNCE]On Friday, the US Dollar declined by 92 pips or 0.72% against the Canadian Dollar. [/ANNOUNCE]The currency pair breached the 50– and 200– hour simple moving averages during Friday's trading session.

Technical indicators suggest selling signals on the 4H time-frame chart. Therefore, the USD/CAD exchange rate could continue to edge lower during the following trading session.

However, sellers could encounter support at the 1.2518 level within Monday's trading session.

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