| Positions | Today | Yesterday | % Change | |
| Longs | 50% | 54% | -8.00% | |
| Shorts | 50% | 46% | 8.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The US Dollar has declined significantly against the Canadian Dollar during the last two trading sessions. This downside momentum began after the pair breached the 200-hour simple moving average at 1.3129.
Technical indicators on both the four hour and daily time frames demonstrate that the bearish sentiment is likely to continue during the following trading session. Furthermore, the 50-hour simple moving average could push the USD/CAD currency exchange rate further south for a potential breakout through the lower boundary of a descending channel today.