| Positions | Today | Yesterday | % Change | |
| Longs | 36% | 35% | 2.78% | |
| Shorts | 64% | 65% | -1.56% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
The US Dollar has extended its decline against the Canadian Dollar for the third consecutive trading session. A significant resistance cluster was tested on Tuesday. However, after piercing the resistance level, the currency pair made a U-turn south.
Given that the exchange rate has been trading between the range of 1.3182 which is the weekly pivot point and 1.3128 set by the monthly PP since July 23, a breakout from that range could be expected during the following trading session.
Technical indicators favour bears to continue their dominance in the market over the USD/CAD currency exchange rate within this session. If and when the aforementioned breakout occurs, it could find support at 1.3074 formed by the weekly S1.