| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 66% | 2.9% |
| Shorts | 32% | 34% | -6.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar declined by 70 points or 0.53% against the Canadian Dollar on Tuesday. The currency pair was pressured lower by the 50– and 100– hour SMAs during yesterday's trading session.
As for the near future, the USD/CAD exchange rate will most likely continue to edge lower. A breakout through the lower boundary of a descending channel pattern could occur within this session.
However, if the channel pattern holds, a surge towards the 100– hour simple moving average resistance level at 1.3213 could be expected today.