| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 71% | 2.2% |
| Shorts | 27% | 29% | -5.9% |
| 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) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The US Dollar has surged by 89 pips or 0.70% against the Canadian Dollar since Friday's trading session. A breakout occurred through the upper boundary of an ascending channel pattern on Monday morning.
Given that a breakout has occurred, bullish traders are likely to continue to pressure the exchange rate higher during the following trading session. The potential target for the USD/CAD pair would be near the 1.2800 level.
However, the weekly resistance level at 1.2778 could provide resistance for the currency exchange rate within this session.