| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 38% | 42% | -12.2% |
| Shorts | 62% | 58% | 7.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar has been depreciating in a descending channel pattern against the Canadian Dollar since the end of May. The currency pair reached near a three-week low at 1.3360 on Wednesday.
The exchange rate is currently trading near the upper boundary of the descending channel pattern at 1.3421 and could be set for a breakout.
If this breakout occurs, a surge towards the resistance cluster formed by the combination of the 100– and 200-hour SMAs at 1.3467 during the following trading session.
However, if the channel pattern holds, bears could aim for the weekly S2 at 1.3370 within this session.