| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 61% | 61% | -0.1% |
| Shorts | 39% | 39% | 0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar declined by 115 pips or 0.85% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.
The exchange rate is currently trading near a support level formed by the monthly S2 at 1.3425.
If the USD/CAD pair breaks the monthly S2, a decline towards the lower boundary of a descending channel at 1.3274 could be expected today.
However, if the monthly support line holds, bulls could push the price higher during the following trading session.