| Positions | Today | Yesterday | % Change | |
| Longs | 54% | 53% | 1.85% | |
| Shorts | 46% | 47% | -2.17% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇒ | ⇑ | |
After hitting the 38.20% Fibonacci retracement level, the US Dollar began to decline against the Canadian Dollar. As a result, the currency pair breached both the 55- and the 100-hour SMAs.
By the middle of the European trading session on Tuesday, the exchange rate has tested a support cluster formed by the combination of the weekly, the monthly, and the 61.80% Fibonacci level. This retracement can be measured by connecting the low at 1.2964 and the July high at 1.3290.
Everything being equal, it is likely that the USD/CAD currency exchange rate continue moving down for a potential target at 1.3049 during the following trading session.