| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 72% | -0.1% |
| Shorts | 28% | 28% | 0.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
On Monday, the US Dollar declined by 42 pips or 0.34% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
All things being equal, the USD/CAD exchange rate could continue to edge lower in a descending channel pattern. The potential target for sellers will be near the 1.2300 level.
However, the currency exchange rate might bounce off the support level at 1.2339 within this session.