| Positions | Today | Yesterday | % Change | |
| Longs | 28% | 27% | 3.57% | |
| Shorts | 72% | 73% | -1.39% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Sell | |
| Stochastic (5; 3; 3) | Buy | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The US Dollar depreciated about 123 base points against the Canadian Dollar on Friday. The currency pair revealed a new junior descending channel pattern during Monday's trading session.
As for the near future, it is likely that the newly formed junior descending channel could guide the USD/CAD exchange rate towards the lower boundary of a dominant ascending channel at 1.3313.
Moreover, technical indicators suggest that bears are likely to continue their dominance in the market today.