| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 32% | -13.0% |
| Shorts | 72% | 68% | 5.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The US Dollar depreciated about 53 basis points against the Canadian Dollar on Thursday. The exchange rate tested a support level formed by the 38.20% Fibonacci retracement level at 1.3275 during yesterday's trading session.
Everything being equal, the USD/CAD currency pair will most likely target the 50.00% Fibonacci retracement level at 1.3259 within this session.
If the support level holds, bullish traders could aim for a re-test of the 1.3325 level in the shorter term.
However, if the currency exchange rate breaks the 50.00% Fibo, a decline towards the 1.3243 area could occur today.