| Positions | Today | Yesterday | % Change | |
| Longs | 26% | 27% | -3.85% | |
| Shorts | 74% | 73% | 1.35% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Sell | Sell | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇒ | |
Bulls continue their dominance in the market on Wednesday. After a brief period of consolidation, the USD/CAD currency pair continued to rally and dashed through the 55– and 100– hour SMAs.
Overall, the junior ascending pattern still holding. However, the exchange rate has moved closer to the bottom of an uptrend line and could be set for a breakout within this session.
In regards to near future, analysts expect the currency exchange rate to decline further south toward the 200-hour simple moving average during the following trading hours.