| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -0.9% |
| Shorts | 28% | 27% | 2.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar edged lower by 122 pips or 0.96% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of a descending channel pattern at 1.2665 during yesterday's trading session.
Bears are likely to continue to pressure the USD/CAD exchange rate lower during the following trading session. A breakout through the bottom border of the descending channel pattern could occur.
However, if the channel pattern holds, the exchange rate would make a brief pullback towards the 100– hour simple moving average at 1.2736 within this session.