| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 52% | -11.1% |
| Shorts | 53% | 48% | 9.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
On Friday, the US Dollar declined by 86 pips or 0.68% against the Canadian Dollar. The 200– hour simple moving average pressured the currency pair lower during Friday's trading session.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, sellers might continue to pressure the exchange rate lower during the following trading session.
However, the lower boundary of a descending channel pattern at 1.2600 could provide support for the currency exchange rate within this session.