| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 36% | 1.2% |
| Shorts | 64% | 64% | -0.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar appreciated about 80 base points against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday's trading session.
Today's trading session began with a bearish sentiment. By the middle of the European session, the Greenback had depreciated about 0.37% in values against its Canadian counterpart.
By and large, it is likely that the USD/CAD currency exchange rate will maintain its descending channel pattern today. The possible downside target for bearish traders will be near a support level at 1.3271.