| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 48% | 12.0% |
| Shorts | 46% | 52% | -14.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
Downside risks have dominated the US Dollar against the Canadian Dollar since Wednesday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at the end of yesterday's session. The currency pair has lost about 1.26% in value during the last 24hours.
Everything being equal, it is likely that the USD/CAD exchange rate could regain some of its lost points within this session. The pair might make a retracement towards the monthly S1 at 1.3298.
On the other hand, bearish traders might drag the currency exchange rate towards a support cluster formed by the combination of the weekly and the monthly PPs at 1.3181 today.