| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 25% | 11.3% |
| Shorts | 71% | 75% | -4.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The US Dollar surged by 175 pips or 1.25% in value against the Canadian Dollar on Monday. The currency pair breached a resistance cluster at 1.4152 during yesterday's trading session.
Everything being equal, the exchange rate will most likely continue to edge higher. The potential target for the USD/CAD pair will be at the upper boundary of a descending channel pattern at 1.4250.
However, the 200– hour simple moving average at 1.4296 could provide resistance for the currency exchange rate within this session.