| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 66% | 65% | 1.2% |
| Shorts | 34% | 35% | -2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The US Dollar surged by 58 basis points or 0.44% against the Canadian Dollar on Friday. The currency pair tested the 100– hour simple moving average at 1.3263 during Friday's trading session.
As for the near future, the USD/CAD exchange rate will most likely continue to edge higher. The potential target for bullish traders will be at the 1.3320 level.
However, a resistance cluster formed by the 200– period SMA and the weekly pivot point at 1.3293 could provide resistance for the currency exchange rate during the following trading session.