| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -1.1% |
| Shorts | 28% | 27% | 2.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
[ANNOUNCE]The US Dollar declined by 70 basis points or 0.53% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.[/ANNOUNCE]
Technical indicators suggest selling signals on the 4-hour and daily time-frame charts. Therefore, bears could continue to pressure the exchange rate lower within this session.
However, the lower line of the descending channel pattern might provide support for the USD/CAD currency exchange rate in the shorter term.