| Positions | Today | Yesterday | % Change | |
| Longs | 56% | 58% | -3.57% | |
| Shorts | 44% | 42% | 4.55% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Buy | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The US Dollar surged by 74 base points against the Canadian Dollar on Friday. A resistance level formed by the 100-hour simple moving average at 1.3041 stop the bullish momentum.
The currency pair consolidated below the resistance line as mentioned earlier on Monday morning. Two situations are likely to happen in regards to the rate in the next 24 hours. Firstly, the price could pass the resistance cluster and target the 200-hour SMA at 1.3105.
Second, if the resistance cluster mentioned above holds, the USD/CAD currency exchange rate might continue its movement in the descending channel during the following trading session.