| Positions | Today | Yesterday | % Change | |
| Longs | 28% | 29% | -3.57% | |
| Shorts | 72% | 71% | 1.39% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Sell | Sell | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇒ | |
The US Dollar appreciated more than 60 base points against the Canadian Dollar on Friday. The 50-hour simple moving average provided support for the pair during the previous trading session.
Currently, the exchange rate is bouncing between SMAs. The 50-hour SMA and the weekly pivot point at 1.3626 are providing resistance for the pair, while the 100-hour moving average is providing support.
Technical indicators suggest that the USD/CAD currency exchange rate will continue its bullish momentum during the following trading session. The potential upside target will be at the upper boundary of an ascending channel pattern at 1.3679.