| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 45% | -2.1% |
| Shorts | 56% | 55% | 1.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
During yesterday's trading session, the US Dollar depreciated about 46 basis points against the Canadian Dollar. A breakout occurred through the lower boundary of an ascending channel at 1.3271.
Given that a breakout had occurred, the USD/CAD exchange rate will most likely continue to edge lower today. The potential target for bearish traders would be at the weekly S1 at 1.3210.
However, a support level formed by the 200– hour simple moving average at 1.3251 could provide support for the currency exchange rate during the following trading session.