| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 36% | 27% | 23.1% |
| Shorts | 64% | 73% | -12.7% |
| 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 | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The US Dollar appreciated about 58 base points against the Canadian Dollar on Thursday. The currency pair dashed through the 61.80% Fibonacci retracement level during yesterday's trading session.
The exchange rate tested a support cluster formed by the 50– and 200-hour SMAs at 1.3445 during the European trading session on Friday.
If the USD/CAD exchange rate passes the support cluster as mentioned above, the next targets for bullish traders will be at near the 23.60% Fibo at 1.3394.
However, if the 50– and 200-hour SMAs holds, a surge towards the monthly R1 at 1.3519 is likely today.