| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 26% | 26% | 0.7% |
| Shorts | 74% | 74% | -0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
Since Tuesday's trading session, the US Dollar has surged by 127 pips or 0.92% against the Canadian Dollar. The exchange rate has breached the 50-, 100– hour SMAs during this period.
The currency pair is currently trading near a resistance cluster formed by the monthly pivot point and the 200– hour simple moving average at 1.4013.
If the resistance cluster holds, the USD/CAD pair could continue trending bearish within this session.
However, if the currency exchange rate breaks the cluster, the next target for bulls would be at the 1.4050 area.