| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 38% | -16.2% |
| Shorts | 67% | 62% | 7.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/CAD currency pair bounced off a support level formed by the 50– hour simple moving average on Tuesday. As a result, the Greenback surged by 115 pips or 0.83% against the Canadian Dollar during yesterday's trading session.
As for the near future, the exchange rate could continue to surge during the following trading session. A possible breakout through the upper boundary of a descending channel pattern could occur.
However, the weekly resistance level at 1.4094 could provide resistance for the currency exchange rate in the shorter term.