| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 69% | -11.29% | |
| Shorts | 38% | 31% | 18.42% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Buy | Buy | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇘ | |
The Bank of Canada's decision at 1400GMT yesterday to increase the overnight rate from 0.75% to 1.00% disrupted all technical predictions about the pair's movement late on Wednesday and today.
Even though the massive 1.67% plunge pushed all indicators in the strongly bearish territory that should have resulted in a recovery, downside risks still managed to prevail and locate the US Dollar slightly below the 1.22 level mid-Thursday.
The following 24 hours should mark the expected recovery from this two-year low against the Canadian Dollar. The scope of this recovery is yet unclear; however, possible upside targets are located at the 55– and 100-hour SMAs circa 1.2340.