| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 42% | 0.3% |
| Shorts | 58% | 58% | -0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The US Dollar declined by 29 pips or 0.21% against the Canadian Dollar on Monday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
Tuesday's trading session began with bullish momentum. A breakout occurred through the upper boundary of a descending channel pattern on Tuesday morning. Most likely, bullish traders could continue to pressure the USD/CAD exchange rate higher.
However, the weekly pivot point at 1.3596 could prevent bulls from pushing the currency exchange rate higher today.