| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 26% | 30% | -16.0% |
| Shorts | 74% | 70% | 5.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The US Dollar appreciated by 172 basis points or 1.27% in value against the Canadian Dollar on Tuesday. The currency pair tested the upper boundary of a dominant ascending channel pattern at 1.3769 during yesterday's trading session.
As for the next 24 hours, the exchange rate will most likely slide lower. The potential target for the USD/CAD pair will be near a support cluster at the 1.3506 area.
However, a support line, formed by the 50– hour simple moving average at 1.3669 could provide support for the currency exchange rate during the following trading session.