Positions | Today | Yesterday | % Change | |
Longs | 55% | 58% | -5.45% | |
Shorts | 45% | 42% | 6.67% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇓ | ⇒ |
Following a slight pullback from the weekly PP at 1.3283 mid-Tuesday, USD/CAD re-tested this level once more this morning. On June 14, the Canadian Dollar reached its lowest price in four months against its American counterpart. Thus, the general trend may be set for appreciation. In shorter term, the closest resistance provided by the 200-hour SMA at 1.3290 is likely to stop the pair. Technical indicators likewise suggest that bears may take the upper hand for the upcoming hours, as the price is close to being overbought. From the downside, the rate may be stopped by the 55– and 100-hour SMAs and the lower Bollinger band prior to resuming its upward momentum. Nevertheless, the pair may trade rather calmly in the following hours prior to Canadian Core Retail Sales at 12:30 GMT on Thursday.