| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 41% | 9.3% |
| Shorts | 55% | 59% | -7.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
Downside risks have been dominating the US Dollar lower against the Canadian Dollar since Tuesday's trading session. The currency pair has plummeted by 102 basis points or 0.76% since yesterday.
Technical indicators suggest selling signals on both the smaller and the larger time-frame charts. Therefore, bearish traders could continue to pressure the exchange rate lower within this session.
However, the USD/CAD currency exchange rate is expected to make a brief retracement towards the resistance level at 1.3504 during the following trading session.