| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 30% | 35% | -16.2% |
| Shorts | 70% | 65% | 6.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The US Dollar edged higher by 49 basis points or 0.37% in value against the Canadian Dollar on Monday. The currency pair tested the weekly R1 at 1.3197 during yesterday's trading session.
Currently, the exchange rate is trading near a resistance line, formed by the weekly R1.
If the weekly resistance level holds, a brief downside retracement could occur within this session.
However, if the USD/CAD pair passes the weekly R1, a surge towards the monthly R1 at 1.3220 could be expected during the following trading session.