| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 29% | 26% | 10.7% |
| Shorts | 71% | 74% | -4.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The US Dollar edged higher by 69 pips or 0.52% in value against the Canadian Dollar on Monday. A breakout occurred through the upper boundary of an ascending channel pattern during yesterday's trading session.
Given that a breakout had occurred, the USD/CAD exchange rate will continue to surge within this session. The potential target for the pair will be near a resistance level at the 1.3317.
However, the currency exchange rate might make a brief downside retracement towards the 50– hour simple moving average at 1.3253 could be expected during the following trading session.