| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 37% | 42% | -15.4% |
| Shorts | 63% | 58% | 8.9% |
| 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 | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The US Dollar has edged higher by 133 pips or 0.99% against the Canadian Dollar since Thursday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Friday morning.
Given that a breakout had occurred, bullish traders are likely to pressure the USD/CAD exchange rate higher within this session. The possible target for the pair will be at the weekly R1 at 1.3650.
However, the currency exchange rate could make a U-turn from the resistance line at 1.3609 and aim for the support cluster formed by the 50– and 100– hour SMAs at 1.3551 today.