| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 61% | -7.02% | |
| Shorts | 43% | 39% | 9.30% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇗ | ⇒ | |
Upside risks dominated the USD/CAD currency pair on Tuesday, thus allowing the pair to breach a medium-term descending channel.
As apparent on the chart, the pair is re-testing a resistance cluster formed by the weekly R2 and the monthly R1 near the 1.3200 mark. Given that technical indicators still remain bullish in the short term, it is likely that the pair could breach given cluster. A possible target is the psychological mark at 1.3300.
If given resistance cluster holds, bears could push the exchange rate downside for the weekly R1 and the 55-hour SMA at 1.3130.