| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 61% | -10.91% | |
| Shorts | 45% | 39% | 13.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇗ | ⇒ | |
The US Dollar appreciated about 60 base points against the Canadian Dollar on Wednesday. The 50-hour simple moving average provided support for the pair at 1.3111 during yesterday's session.
A breakout occurred through the lower boundary of an ascending channel pattern during the morning hours of Thursday's session.
By and large, it is likely that the decline of the USD/CAD currency pair continues today, and the potential target for bearish traders will be at 1.3037.
However, the US macroeconomic data releases scheduled at 14:00 GMT could change the overall positioning of the pair today.