| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 74% | 0.0% |
| Shorts | 26% | 26% | -0.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The 50– hour simple moving average pressured the US Dollar lower against the Canadian Dollar on Wednesday. The currency pair tested the lower line of a descending channel pattern at 1.2674 during yesterday's trading session.
The exchange rate is currently trading near the lower boundary of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 1.2600 level could be expected within this session.
However, if the channel pattern holds, bullish traders would pressure the currency exchange rate higher today.