| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 36% | 6.4% |
| Shorts | 61% | 64% | -4.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar appreciated about 63 base points against the Canadian Dollar on Monday. The currency pair breached the upper boundary of a medium-term descending channel pattern at 1.3340 during yesterday's trading session.
Given that a breakout had occurred, it is likely that the currency exchange rate will edge higher during the following trading session. The potential upside target will be near a resistance level formed by the 200-hour simple moving average at the 1.3373 region.
Although, technical indicators suggest that the USD/CAD pair could trade sideways movement within this session.