| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 73% | -0.5% |
| Shorts | 27% | 27% | 1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The US Dollar has declined by 75 pips or 0.58% against the Canadian Dollar since yesterday's trading session. The currency pair breached the lower line of an ascending channel pattern during the Asian session on Tuesday.
Given that a breakout has occurred, bears could continue to push the exchange rate lower during the following trading session. The potential target for bearish traders would be at the 1.2660 level.
However, a support cluster formed by the 100– and 200– hour SMAs at 1.2713, could provide support for the USD/CAD currency exchange rate within this session.