| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 75% | -1.3% |
| Shorts | 26% | 25% | 3.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The US Dollar surged by 64 basis points or 0.51% against the Canadian Dollar on Monday. The currency pair bounced off the lower boundary of an ascending channel pattern during yesterday's trading session.
Everything being equal, the USD/CAD exchange rate is likely to continue to edge higher in the ascending channel pattern. Bulls could target the weekly R1 at 1.2822 within this session.
However, a resistance level at 1.2793 could provide resistance for the currency exchange rate today.