| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 68% | 71% | -5.4% |
| Shorts | 32% | 29% | 11.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The USD/CAD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.2450 on Wednesday. As a result, the US Dollar surged by 98 pips or 0.78% against the Canadian Dollar. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
Given that a breakout has occurred, buyers could continue to push the exchange rate higher within this session.
However, bullish traders might encounter resistance at 1.2585 during the following trading session.