| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 74% | -0.4% |
| Shorts | 26% | 26% | 1.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The US Dollar declined by 91 points or 0.69% against the Canadian Dollar on Friday. The currency pair failed to surpass the upper boundary of a descending channel pattern during Friday's trading session.
Technical indicators flash selling signals on the 4-hour time frame chart. Most likely, bears will pressure the USD/CAD exchange rate lower within the following trading session.
However, given that the currency exchange rate is currently trading near the upper line of the descending channel pattern, a breakout might occur before the end of today's session.