| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 43% | 16.9% |
| Shorts | 48% | 57% | -18.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇒ |
During Monday's trading session, the Greenback broke a junior ascending channel pattern. The currency pair edged lower by about 0.58% in value.
In regards to the near-future, the US Dollar could regain some of its lost points against the Canadian Dollar.
However, the currency exchange rate needs to surpass a resistance cluster formed by the combination of the weekly and monthly pivot points at 1.3322.
Although, if the resistance cluster as mentioned above holds, the USD/CAD will continue its southern movement today. The potential downside targets for bears will be at the weekly S2 at 1.3257.