| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 72% | 1.7% |
| Shorts | 27% | 28% | -4.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The US Dollar declined by 93 points or 0.73% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.
Currently, the exchange rate is trading near the bottom border of the channel pattern at 1.2788 and could be set for a breakout.
If the breakout occurs, bearish traders are likely to continue to drive the price lower during the following trading session.
However, if the channel pattern holds, a surge towards a resistance cluster at 1.2853 could be expected today.