| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 62% | -1.64% | |
| Shorts | 39% | 38% | 2.56% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
Upside momentum has been dominating the USD/CAD currency pair since August 30 and the pair has reached the upper boundary of a medium-term descending channel at 1.3128.
Two scenarios are likely to occur within this session. First, a breakout could occur in the nearest future and bulls could target a resistance cluster formed by the combination of the weekly R2 and the monthly R1 at 1.3200.
If the descending channel holds, bear's traders could push the currency exchange rate further south for a potential target at the monthly PP at 1.3037.