| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 52% | -24.6% |
| Shorts | 58% | 48% | 17.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The US Dollar depreciated by 68 basis points against the Canadian Dollar on Monday. The currency pair tested a support level formed by the weekly S1 at 1.3122 during yesterday's trading session.
Given that the USD/CAD exchange rate has bounced off the weekly S1, bullish traders could continue to pressure the price higher within today's session. A potential breakout through the upper boundary of a descending channel pattern at 1.3181 could occur within this session.
However, technical indicators suggest that the currency exchange rate will edge lower during the following trading session.