Positions | Today | Yesterday | % Change | |
Longs | 39% | 37% | 5.13% | |
Shorts | 61% | 63% | -3.28% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
Upside risk dominated the USD/CAD currency pair on Tuesday. As a result, the US Dollar gained about 101 base points against the Canadian Dollar during the end of yesterday's session.
The exchange rate is currently trading near the upper boundary of a one-week descending channel pattern at 1.3280 and could be set for a breakout.
If the breakout occurs, the currency exchange raw will target November 30 swing high at 1.3320.
However, if the resistance level holds, the pair could aim for a support level set by the 100– and 200-hour SMAs at 1.3245.