| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 70% | 2.6% |
| Shorts | 28% | 30% | -6.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The US Dollar edged higher by 129 pips or 1.06% against the Canadian Dollar on Wednesday. The USD/CAD currency pair tested the 1.2280 during Wednesday's trading session.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, the exchange rate could continue to trend bullish during the following trading session.
However, bullish traders might encounter a resistance line at the 1.2300 area during Thursday's trading session.