| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 74% | -1.0% |
| Shorts | 26% | 26% | 2.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Downside risks pressured the US Dollar against the Canadian Dollar on Wednesday. The USD/CAD currency pair declined by 112 pips or 0.90% during Wednesday's trading session.
Currently, the exchange rate is trading near the lower boundary of a descending channel pattern at 1.2395 and could be set for a breakout.
If the breakout occurs, a decline towards the weekly S2 at 1.2307 within this session.
However, if the channel pattern holds, a surge towards the 1.2485 area could be expected today.