| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 28% | -0.5% |
| Shorts | 72% | 72% | 0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
Since Monday's trading session, the US Dollar has declined by 244 basis points or 1.71% against the Canadian Dollar. The currency pair breached the 50-, 100– and 200– hour SMAs on Monday.
Currently, the exchange rate is testing a support cluster formed by the weekly S1 and the monthly PP at 1.4019.
If the support cluster holds, the USD/CAD pair could make a pullback towards the 1.4183 area today.
However, if the currency exchange rate breaks the support level, bears might drive the price lower during the following trading session.