| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 74% | 72% | 3.0% |
| Shorts | 26% | 28% | -8.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/CAD currency pair bounced off a support level formed by the lower line of a descending channel pattern at 1.2009 on Tuesday. As a result, the exchange rate has surged by 75 pips or 0.62% since Tuesday's trading session.
Given that a breakout had occurred through the upper boundary of the ascending channel pattern, buyers could aim at the 1.2120 level during the following trading session.
However, a resistance line at 1.2091 might provide resistance for the currency exchange rate in the shorter term.