| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 70% | 3.7% |
| Shorts | 27% | 30% | -10.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar has declined by 57 pips or 0.44% against the Canadian Dollar since yesterday's trading session. The currency pair breached the 200– hour simple moving average on Tuesday.
Everything being equal, bears could continue to pressure the USD/CAD exchange rate lower during the following trading session. A breakout through the lower boundary of a descending channel pattern might occur.
However, if the channel pattern holds, the currency exchange rate is likely to make a pullback towards a resistance cluster at 1.2824 within this session.