| 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 edged lower about 78 base points against the Canadian Dollar on Tuesday. The currency pair dashed through a support cluster at 1.3279 during the previous trading session.
The exchange rate is trading near the upper boundary of a descending channel pattern at 1.3241 during the middle of the European trading session on Wednesday and could be set for a breakout.
If this breakout occurs, the USD/CAD currency exchange rate will target the 50-hour simple moving average at 1.3290 during the following trading session.