| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 55% | 0.0% |
| Shorts | 45% | 45% | 0.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The US Dollar has declined by 144 pips or 1.07% against the Canadian Dollar since Tuesday's trading session. The currency pair tested a support cluster formed by the weekly S1 and the monthly S2 at 1.3278 on Wednesday morning.
Technical indicators flash selling signals on all time-frame. Most likely, the decline will continue today. A possible breakout through the lower boundary of a descending channel pattern could occur.
However, if the channel pattern holds, bulls could attempt to push the price a little higher towards the 1.3340 level during the following trading session.