| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 29% | -5.9% |
| Shorts | 72% | 71% | 2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇒ |
The US Dollar depreciated about 0.50% against the Canadian Dollar on Tuesday. The currency pair tested the 200-hour simple moving average at 1.3355 during Tuesday's trading session.
Everything being equal, it is likely that the USD/CAD currency pair will continue its decline in the descending channel pattern during the following trading session. Moreover, the 200-hour SMA is providing resistance for the pair at 1.3368.
On the other hand, the currency exchange rate could reverse from the current price level at 1.3364 and aim for a resistance cluster at 1.3388.