| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 71% | 0.5% |
| Shorts | 29% | 29% | -1.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The US Dollar surged by 43 points or 0.34% against the Canadian Dollar on Thursday. The currency pair tested the upper line of a descending channel pattern at 1.2743 during the London session on Friday.
The exchange rate is currently trading near the upper boundary of the channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 1.2800 level could be expected within this session.
However, if the descending channel pattern holds, bearish traders might pressure the currency exchange rate lower today.