| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 50% | -2.04% | |
| Shorts | 51% | 50% | 1.96% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇑ | |
[ANNOUNCE]As expected, the US Dollar continues to lose ground against the Canadian Dollar. By the end of Friday's trading session, the currency pair fell below 1.3019 and also depreciated by 70 pips.[/ANNOUNCE]
Given that the exchange rate has fallen below the 1.3019 mark, which is the weekly pivot point, the pair might be set for a further decline as the nearest support that could stop the bearish momentum is located near 1.2950.
The general tendency on the weekly time-frame chart seems to be pointing north. Therefore, a breakout through the upper boundary of the descending channel is likely to occur during the following trading sessions.