| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 73% | -0.5% |
| Shorts | 27% | 27% | 1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar declined by 64 pips or 0.49% against the Canadian Dollar on Wednesday. The currency pair breached the monthly support level at 1.3146 during Wednesday's trading session.
Given that the 50-, 100– and 200– hour SMAs are above the price, the USD/CAD exchange rate is likely to continue to edge lower during the following trading session.
However, the currency exchange rate could make a brief retracement towards the weekly pivot point at 1.3190 in the short-term.