| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 46% | 10.1% |
| Shorts | 49% | 54% | -10.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
On Tuesday, the US Dollar surged by 98 pips or 0.78% against the Canadian Dollar. The currency pair tested the upper boundary of a descending channel pattern during yesterday's trading session.
Everything being equal, the exchange rate could continue to trend higher during the following trading session. The potential target for the USD/CAD pair would be near the 1.2800 level.
However, the 200– hour simple moving average at 1.2715 could provide resistance for the currency exchange rate within this session.