| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 38% | 33% | 13.1% |
| Shorts | 62% | 67% | -7.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
[ANNOUNCE]The US Dollar declined more than 100 pips or 0.73% against the Canadian Dollar on Tuesday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session. [/ANNOUNCE]
Given that the exchange rate has breached the weekly support level at 1.3973, bearish traders could continue to dominate the USD/CAD pair during the following trading session. The possible target for the pair would be at the weekly S2 at 1.3853.
A potential upside reversal could occur from the weekly S2, as mentioned above, within this session.