|MACD (12; 26; 9)||Buy||Buy||Buy|
|Stochastic (5; 3; 3)||Neutral||Neutral||Neutral|
|Alligator (13; 8; 5)||Buy||Buy||Buy|
|SAR (0.02; 0.2)||Buy||Buy||Buy|
Bullish sentiment continues to drive the US Dollar upward against the Canadian Dollar. By the end of Thursday's session, the currency pair has gained 129 base points or 0.98%.
The exchange rate introduced no significant changes to its overall price range on Friday because of the pair pullback from the upper boundary of a junior ascending channel. This pullback could be considered to be a brief retracement.
Given that the USD/CAD currency exchange rate has been moving within yesterday trading range, it is unlikely that bulls would have enough strengthened to surpass the range today.