| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 36% | 14.3% |
| Shorts | 58% | 64% | -10.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar declined by 115 basis points or 0.85% against the Canadian Dollar on Wednesday. The currency pair breached a support cluster at 1.3563 during yesterday's trading session.
As for the near future, the exchange rate will most likely continue to edge lower. A breakout through the lower boundary of a descending channel pattern could occur within this session.
However, the weekly support level at 1.3487 could provide support for the currency exchange rate within Thursday's session.