| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 73% | -0.8% |
| Shorts | 28% | 27% | 2.0% |
| 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) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Downside risks pressured the US Dollar against the Canadian Dollar on Thursday. As a result, the exchange rate fell by 93 pips or 0.73% during Thursday's trading session.
All things being equal, the currency pair is likely to continue to edge lower within this session. The potential target for the USD/CAD pair will be near the weekly S2 at 1.2492.
Although, the currency exchange rate might make a brief pullback towards a resistance level at 1.2571 in the shorter term.