| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 51% | 2.9% |
| Shorts | 48% | 49% | -3.2% |
| 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 | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The US Dollar surged by 60 pips or 0.45% against the Canadian Dollar on Monday. The currency pair tested the monthly S1 at 1.3325 during Monday's trading session.
The exchange rate made a U-turn from the monthly S1 during the Asian session on Tuesday.
Currently, the pair is testing the 50– hour simple moving average at 1.3388. If the USD/CAD pair breaks the 50– hour SMA, a surge towards the 1.3420 could be expected today.
However, if the 50– hour SMA holds, bearish traders could continue to pressure the currency exchange rate lower within this session.