| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 65% | 67% | -1.8% |
| Shorts | 35% | 33% | 3.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The US Dollar declined by 37 pips or 0.29% against the Canadian Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout has occurred, the exchange rate could continue to edge lower during the following trading session. The potential target for USD/CAD will be near the 200– hour SMA at 1.2542.
However, technical indicators suggest on the 4H time-frame chart that the currency exchange rate is likely to surge within this session.