| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 70% | -9.2% |
| Shorts | 36% | 30% | 16.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
[ANNOUNCE]The US Dollar declined by 85 basis points or 0.66% against the Canadian Dollar on Thursday. The currency pair tested the support level at 1.2792 during yesterday's trading session.[/ANNOUNCE]
Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 1.2950 level could be expected within this session.
However, if the channel pattern holds, bearish traders might pressure the currency exchange rate lower in the shorter term.