| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 41% | 42% | -2.0% |
| Shorts | 59% | 58% | 1.4% |
| 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) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
After the US Dollar tested a resistance level at 1.3340, the currency pair made a U-turn south. The Greenback has depreciated about 0.50% in value against the Loonie since yesterday's trading session.
Currently, the exchange rate is testing a support level formed by the 50– hour simple moving average at 1.282.
If this support line holds, the bullish traders could aim for a retest of the monthly R2 at 1.3340 today.
Furthermore, technical indicators suggest that the currency exchange rate might edge higher within this session.