| Positions | Today | Yesterday | % Change | |
| Longs | 63% | 61% | 3.17% | |
| Shorts | 37% | 39% | -5.41% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Buy | |
| Alligator (13; 8; 5) | Buy | Sell | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇗ | ⇘ | ⇒ | |
Downside risked prevailed in the market on yesterday, thus allowing the US Dollar to crashed about 67 base points against the Canadian Dollar. The declined started after the currency pair tested a resistance cluster formed by the weekly and the monthly PPs near the 1.30 mark.
Everything being equal, it is likely that the USD/CAD currency pair reverse from current price level and aim for a re-tests of the resistance level as mentioned earlier.
However, traders should be aware of a resistance line formed by the 50-hour simple moving average at 1.2964, which can hinder the rate from hitting target today.