| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 26% | 2.5% |
| Shorts | 73% | 74% | -0.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
On Tuesday, the US Dollar surged by 43 pips or 0.32% in value against the Canadian Dollar. The currency pair tested the 200– hour simple moving average at 1.3269 during yesterday's trading session.
The USD/CAD exchange rate made a downside reversal from the 200– hour SMA. As a result, a breakout occurred through the lower boundary of a dominant ascending channel on Wednesday morning.
Given that a breakout had occurred, bearish traders could continue to drive the price lower within the following trading session. The potential target will be at the weekly S1 at 1.3212.