| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -2.4% |
| Shorts | 28% | 27% | 6.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The US Dollar declined by 64 points or 0.49% against the Canadian Dollar on Thursday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
The USD/CAD pair is currently trading near the bottom border of an ascending channel pattern at 1.3068 and could be set for a breakout.
If the channel pattern holds, bullish traders are likely to target the 1.3120 level within this session.
However, if the exchange rate breaks the channel pattern, a decline towards the 1.3020 area could be expected today.