| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 45% | 23.73% | |
| Shorts | 41% | 55% | -34.15% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇗ | |
The downtrend channel that has guided the US Dollar lower against the Canadian Dollar continued on Tuesday. However, the decline was temporarily stopped by the weekly S1 at 1.2992.
During the European session on Wednesday, the currency pair was trading near the 55– hour simple moving average.
Technical indicators flash strong bearish signals on both the smaller and the larger time-frame. This could a resistance level set by the 55-hour SMA is likely to hold and force the rate downward for a potential breakout from the weekly pivot point within this sessions.