| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 51% | 2.5% |
| Shorts | 48% | 49% | -2.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
[ANNOUNCE]The 50– hour simple moving average has continued to pressure the US Dollar lower against the Canadian Dollar. The currency pair depreciated by 42 basis points during yesterday's trading session.
[/ANNOUNCE]
Everything being equal, the USD/CAD exchange rate will most likely make a U-turn from the support cluster at the 1.3160 area within the following trading session. Bullish traders might target the upper boundary of a descending channel pattern at 1.3200.
However, technical indicators demonstrate that the currency exchange rate will continue to trade south today.