| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 39% | -6.9% |
| Shorts | 64% | 61% | 3.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar has surged by 135 basis points or 0.97% against the Canadian Dollar since yesterday's trading session. The currency pair tested the upper boundary of a descending channel pattern at 1.4020 on Friday morning.
As for today's session, the USD/CAD exchange rate could continue to edge higher. The potential target for bullish traders would be near a psychological level at the 1.4150 area.
However, the weekly pivot point at 1.4048 could prevent bulls from driving the price higher within this session.