| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 25% | 29% | -12.1% |
| Shorts | 75% | 71% | 4.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Upside risks have been dominating the US Dollar against the Canadian since the beginning of March. The currency pair surged by 471 pips or 3.33% in value during yesterday's trading session.
The USD/CAD exchange rate could make a brief southward movement towards a support level formed by the 100– hour simple moving average at 1.4106 within this session.
However, a support cluster formed by the 50– hour SMA and the weekly R2 near the 1.4300 could provide support for the currency exchange rate during the coming hours.