| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 37% | 28% | 23.0% |
| Shorts | 63% | 72% | -13.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Upside risks dominated the US Dollar against the Canadian Dollar on Thursday. The USD/CAD currency pair edged higher by 120 pips or 0.90% during Thursday's trading session.
As for the near future, the exchange rate could continue to surge. Bullish traders are likely to target the upper boundary of a descending channel pattern at the 1.3500 level.
However, the weekly pivot point at 1.3455 could still provide resistance for the currency exchange rate today.