Positions | Today | Yesterday | Change |
Longs | 34% | 34% | 0.0% |
Shorts | 66% | 66% | 0.0% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Buy |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar appreciated about 78 base points against the Canadian Dollar on Thursday. The surged was stopped by a resistance level formed by the 200-hour simple moving average at 1.3238.
As for the near future, it is likely that the currency exchange rate will edge lower towards a support level at 1.3182.
A potential upside movement could be expected from the support level as mentioned above.
However, technical indicators demonstrate that the USD/CAD exchange rate will end this week's trading session with a decline.