| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 49% | -10.7% |
| Shorts | 56% | 51% | 8.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇑ | ⇒ |
The US Dollar surged by about 72 basis points against the Canadian Dollar on Monday. A breakout occurred through the upper boundary of a descending channel pattern at 1.3277 during yesterday's trading session.
Given that a breakout had occurred, the USD/CAD currency pair will most likely continue its bullish momentum today. Bulls could drive the exchange rate towards a resistance cluster formed by the weekly R1 and the monthly pivot point at 1.3338 within this session.
Furthermore, technical indicators demonstrate strong bullish signals on the daily time-frame chart.