| Positions | Today | Yesterday | Change |
| Longs | 33% | 34% | -3.0% |
| Shorts | 67% | 66% | 1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar has continued its decline in a descending channel pattern against the Canadian Dollar. The currency pair edged lower by about 0.40% during yesterday's trading session.
The exchange rate tested a resistance level formed by the 50-hour simple moving average at 1.3203.
If the 50-hour SMA holds, the currency exchange rate will continue its movement in the descending channel pattern within this session.
However, if the USD/CAD pair passes the resistance level as mentioned above, the next target for buyers will be near a resistance cluster at 1.3248.