| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 46% | 47% | -1.6% |
| Shorts | 54% | 53% | 1.4% |
| 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 | ⇘ | ⇒ | ⇒ |
The 50– hour simple moving average pressured the USD/CAD currency pair lower on Monday. As a result, the US Dollar declined by 46 pips or 0.36% against the Canadian Dollar.
As for the near future, the exchange rate could continue to edge lower in a descending channel pattern. Sellers may target the 1.2550 area within Tuesday's trading session.
However, the currency exchange rate might encounter support at 1.2602 in the shorter term.