| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 46% | 44% | 4.9% |
| Shorts | 54% | 56% | -4.2% |
| 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 | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The US Dollar depreciated about 86 base points against the Canadian Dollar on Wednesday. The currency pair tested the bottom border of a medium-term descending channel pattern at 1.3106 during yesterday's trading session.
Everything being equal, it is likely that the currency exchange rate will make a brief pullback towards a swing high at 1.3230 during the following trading session.
However, a resistance cluster formed by the 50– and 100-hour simple moving averages near 1.3176 could hinder bullish traders from driving the USD/CAD currency pair higher today.