| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 42% | -17.4% |
| Shorts | 64% | 58% | 9.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇘ |
Upside risks have dominated the US Dollar against the Canadian Dollar since yesterday's trading session. The currency pair has appreciated by 98 basis points since the previous session. A breakout occurred through the upper boundary of a descending channel pattern at 1.3220 on Tuesday.
Given that a breakout had occurred, the USD/CAD exchange rate will most likely continue to surge within the following trading hours.
However, the currency exchange rate is expected to make a brief downside retracement within this session. The potential target for bearish traders would be at the 1.3260 area.