| Positions | Today | Yesterday | % Change | |
| Longs | 52% | 44% | 15.38% | |
| Shorts | 48% | 56% | -16.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Neutral | Neutral | Neutral | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
The US Dollar continues to depreciate against the Canadian Dollar for the third consecutive trading session. The pair had a slight period of consolidation during the middle of European session on Monday.
The 55– hour simple moving average has been pressurizing the price movement further south. However, the monthly pivot point at 1.2771 was providing support for the rate at the time of this analysis.
Even though technical indicators demonstrate bearish signals, the currency pair is gradually moving away from the oversold zone. Thus, bears could prevail in the market today.