| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 73% | 72% | 0.7% |
| Shorts | 27% | 28% | -1.8% |
| 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 | ⇗ | ⇗ | ⇒ |
On Tuesday, the US Dollar edged higher by 90 pips or 0.74% against the Canadian Dollar. The currency pair tested the upper line of a descending channel pattern during yesterday's trading session.
Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, buyers could pressure the exchange rate higher during the following trading session.
However, the upper boundary of the channel pattern could provide resistance for the USD/CAD currency exchange rate in the shorter term.