| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 43% | 38% | 12.1% |
| Shorts | 57% | 62% | -9.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The US Dollar declined by 118 basis points or 0.84% against the Canadian Dollar on Wednesday. The currency pair tested the monthly S2 at 1.3853 on Thursday morning.
If the monthly support level at 1.3853 holds, a surge towards the 50- hour simple moving average at the 1.3945 could be expected within the following trading session.
However, if the USD/CAD currency exchange rate breaks the monthly S2, bearish traders could continue to pressure the price lower during the following trading session.