| Positions | Today | Yesterday | % Change | |
| Longs | 39% | 40% | -2.56% | |
| Shorts | 61% | 60% | 1.64% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
The US Dollar depreciated by about 60 base points against the Canadian Dollar on Friday. The decline began after the currency pair hit a resistance level formed by the weekly PP at 1.3183.
The exchange rate is currently trading in a one-week descending channel and it's most likely to remain moving in the channel pattern within this session.
Furthermore, technical indicators suggest that the decline of the USD/CAD currency exchange rate will continue during the following trading session. The potential target for bearish traders will be near the weekly S1 at 1.3099.