| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 61% | -74.29% | |
| Shorts | 65% | 39% | 40.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Sell | |
| Stochastic (5; 3; 3) | Buy | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The US Dollar continued its decline against the Canadian Dollar on Monday. The USD/CAD exchange rate breached the lower boundary of a dominate ascending channel pattern during Monday's trading session.
Everything being equal, it is likely that the Greenback will continue its decline in a descending channel pattern during the following trading session.
The potential target for the bearish traders will be near December 3 swing low of 1.3150.
Furthermore, technical indicators demonstrate that the currency exchange rate will trade with low volatility today.