| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 30% | 33% | -7.8% |
| Shorts | 70% | 67% | 3.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The US Dollar surged by 99 pips or 0.71% against the Canadian Dollar on Wednesday. The currency pair tested the upper boundary of a dominant descending channel pattern at 1.4102 during yesterday's trading session.
Everything being equal, the USD/CAD exchange rate could continue to trade bullish within this session. The possible target for bulls would be near the upper line of a junior ascending channel pattern at 1.4150.
However, technical indicators suggest that the currency exchange rate could edge lower during the following trading session.