| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 25% | 26% | -1.4% |
| Shorts | 75% | 74% | 0.5% |
| 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) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
During the past 24 hours of trading, the US Dollar has surged by 176 pips or 1.25% against the Canadian Dollar. The currency pair breached the upper boundary of a dominant descending channel pattern on Tuesday morning.
As for the near future, the exchange rate will most likely continue to trend bullish. The potential target for the USD/CAD pair would be near the weekly R2 at 1.4337 within this session.
The currency exchange rate is likely to make a downside reversal from the weekly resistance level at 1.4337 during the following trading session.