| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 58% | -4.3% |
| Shorts | 44% | 42% | 5.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar declined by 67 pips or 0.53% against the Canadian Dollar on Thursday. The currency pair breached the 50– and 200– hour simple moving averages during yesterday's trading session.
The exchange rate bounced off a support line formed by the lower boundary of an ascending channel pattern during the Asian session on Friday.
Most likely the USD/CAD pair could continue to edge higher throughout today's session.
However, a resistance level at 1.2627 could provide resistance for the currency exchange rate today.