| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 49% | -3.0% |
| Shorts | 53% | 51% | 2.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The US Dollar surged by 97 basis points or 0.71% against the Canadian Dollar on Friday. The surged was stopped by the 100– hour simple moving average at 1.3829 during Friday's trading session.
Everything being equal, the USD/CAD exchange rate could continue to edge lower within this session. A breakout might occur through the lower boundary of a descending channel pattern.
However, if the descending channel pattern holds, buyers could pressure the currency exchange rate higher within this session.