| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 41% | -17.2% |
| Shorts | 65% | 59% | 9.4% |
| 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) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The US Dollar has appreciated about 115 base points against the Canadian Dollar since the beginning of May. The currency pair has breached both the 50-, 100– and 200-hour SMAs during the period.
Bullish traders are likely to aim for a swing high at 1.3516 during the following trading session. However, the currency pair needs to surpass a resistance level formed by the upper boundary of a downtrend line at 1.3448.
Meanwhile, technical indicators flash buy signals on the daily time-frame chart. Therefore, the currency exchange rate will continue its upside movement during the following trading sessions.