| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 47% | 9.2% |
| Shorts | 48% | 53% | -10.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The USD/CAD currency pair bounced off the lower boundary of a falling wedge pattern at the end of Friday's trading session. The US Dollar tried to surpass a resistance level formed by the 50-hour simple moving average at 1.3100 during the Asian session on Monday.
If the Greenback versus the Loonie breaks the 50-hour SMA resistance level, a surge towards the 1.3163 could be the next target.
However, if the 50-hour SMA and the upper boundary of the falling wedge pattern holds, the currency exchange rate will continue its decline during the following trading session.