| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 74% | -4.9% |
| Shorts | 29% | 26% | 11.7% |
| 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 | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
The US Dollar surged by 97 basis points or 0.74% against the Canadian Dollar on Thursday. A breakout occurred through the upper line of a descending channel pattern during Thursday's trading session.
Given that a breakout has occurred, the exchange rate could continue to trend bullish during the following trading session. The possible target for the USD/CAD pair would be at the 1.3300 level.
However, the currency exchange rate is likely to make a brief pullback towards the 200– hour simple moving average at 1.3194 within this session.