| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 37% | 39% | -4.2% |
| Shorts | 63% | 61% | 2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The US Dollar appreciated about 63 base points against the Canadian Dollar on Wednesday. The currency pair was guided up by the 50– and 100-hour simple moving averages during the previous trading session.
The exchange rate bounced off the lower boundary of a junior ascending channel pattern at 1.3405 during the European trading session on Thursday.
Most likely, the currency exchange rate could aim for a resistance line formed by the monthly pivot point at 1.3465 within this session.
Furthermore, technical indicators demonstrate that bulls will continue their dominance in the market today.