| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 57% | 0.4% |
| Shorts | 43% | 43% | -0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The US Dollar continued to trade sideways movement against the Canadian Dollar on Wednesday. The 50-hour simple moving average provided support for the currency pair during yesterday's trading session.
Given that the exchange rate had breached the 50-hour SMA, it is likely that bearish traders could drive the pair towards a support cluster formed by the weekly R1 and the 100-hour moving average at 1.3108 within this session.
If the support cluster holds, the USD/CAD currency exchange rate will continue its upside momentum until the end of this week trading sessions.