| Positions | Today | Yesterday | % Change | |
| Longs | 58% | 61% | -5.17% | |
| Shorts | 42% | 39% | 7.14% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇓ | ⇒ | |
Upside risks prevailed in the market on Friday, thus allowing the US Dollar to surged about 75 base points against the Canadian Dollar.
Currently, the currency pair tested a resistance cluster formed by the combination of the weekly and the monthly PPs near the 1.30 mark.
If the resistance level as mentioned above holds, bearish traders could push the exchange rate towards the 50-hour simple moving average at 1.2928.
However, if the currency exchange rate passes that resistance line, the next target for the pair will be at the upper boundary of a one-week ascending channel at 1.3050.