| Positions | Today | Yesterday | % Change | |
| Longs | 61% | 63% | -3.28% | |
| Shorts | 39% | 37% | 5.13% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇒ | |
Upside risks prevailed in the market on Wednesday, thus allowing the US Dollar to surged about 140 base points against the Canadian Dollar. The momentum was stopped by the weekly resistance level at 1.3066.
By and large, it is likely that the currency pair makes a brief southern move toward a support cluster formed by the combination of the weekly and the monthly PPs near the 1.30 mark within this session.
If that support level holds, a potential reversal north could follow. However, if the currency exchange rate passes the support line, the next target for bearish traders could be near the 100-hour SMA at 1.2972.