| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 70% | 0.9% |
| Shorts | 29% | 30% | -2.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The US Dollar surged by 33 pips or 0.26% against the Canadian Dollar on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
Everything being equal, the USD/CAD exchange rate is likely to continue to edge higher. Bullish traders might target the 1.3060 level within the following trading session.
However, a resistance cluster formed by the 100– hour SMA and the weekly S1 at 1.3038 could provide barriers for the currency exchange rate during the following trading session.