| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 32% | 28% | 11.7% |
| Shorts | 68% | 72% | -5.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The US Dollar bounced off a support cluster formed by the 200– hour simple moving average and the 50.00% Fibonacci retracement level at 1.3259 against the Canadian Dollar on Friday.
As for the near future, the USD/CAD currency pair will most likely edge up within the following trading session. The potential target for bullish traders would be at the 1.3325 area.
However, a resistance cluster formed by the 23.60% Fibo and the 50– hour SMA at 1.3295 could provide a significant resistance for the currency exchange rate in the short term.