| Positions | Today | Yesterday | % Change | |
| Longs | 70% | 72% | -2.86% | |
| Shorts | 30% | 28% | 6.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Neutral | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇒ | ⇘ | |
The way the USD/CAD moved completely matched with the yesterday's assumption. Namely, after bouncing off from the 1.2674 level, it expectedly surged to the 1.2748, which represented a point from which the Friday's downfall has started. But since this resistance level also matched with the weekly R1, the currency pair made another rebound.
Even though a number of technical indicators point out that the rate is overbought, an hourly chart suggests that it might make another attempt to break to the top. However, this scenario seems unlikely, because in larger perspective a movement between the above parallel horizontal lines reminds a double top formation.
If this assumption is true, the pair should slip to the bottom once again, before starting to move in a new trend. In contrast, if this figure simply represents a continuation rectangle, the buck should continue to soar in accordance with the 70% bullish sentiment.