| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 38% | -4.4% |
| Shorts | 64% | 62% | 2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The US Dollar has lost about 0.35% in value against the Canadian Dollar since yesterday's trading session. The decline started after the currency pair tested a resistance level formed by the weekly R1 at 1.3270.
All things being equal, the weekly R1 could still provide resistance for the USD/CAD exchange rate during the following trading session.
If the bullish traders break the resistance line, the next target will be near the upper boundary of a dominant descending channel pattern at 1.3282.
Meanwhile, technical indicators demonstrate that the currency exchange rate will likely continue to gain strength today.