| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 40% | 25% | 36.3% |
| Shorts | 60% | 75% | -23.7% |
| 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 | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar depreciated more than 70 base points against the Canadian Dollar on Friday. The currency pair breached the 50-, 100– and 200-hour SMAs during Friday's trading session.
The exchange rate is currently trading near the bottom border of an ascending channel pattern at 1.3425 and could be set for a breakout.
If this breakout occurs, the currency exchange rate might aim for a swing low of 1.3380 within this session.
However, a support level formed by the weekly S1 at 1.3406 could hinder bears from dragging the USD/CAD pair lower.