Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 75% | 73% | 2.6% |
Shorts | 25% | 27% | -7.8% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Neutral | Sell |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇘ |
The US Dollar has declined by 91 points or 0.69% against the Canadian Dollar since Thursday's trading session. A breakout occurred through the lower boundary of a descending channel pattern on Thursday.
Given that a breakout has occurred, the exchange rate could continue to edge lower during the following trading session. The potential target for bears would be at the 1.3109 area.
However, a support line at 1.3143 could provide support for the currency exchange rate in the shorter term.