| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 45% | -17.3% |
| Shorts | 61% | 55% | 10.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The US Dollar appreciated about 77 pips against the Canadian Dollar on Friday. The currency pair was guided up by a narrow ascending channel pattern.
Currently, the exchange rate is trading near the lower band of the narrow ascending channel pattern at 1.3421 and could be set for a breakout.
If this breakout occurs, it is likely that bearish traders could push the currency exchange rate towards a support cluster at 1.3370.
Although, if the narrow ascending channel holds, the pair could aim for its upper boundary at 1.3465.