| Positions | Today | Yesterday | % Change | |
| Longs | 74% | 62% | 16.22% | |
| Shorts | 26% | 38% | -46.15% | |
| 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 | ⇘ | ⇘ | ⇘ | |
ownside risks dominated the USD/CAD currency pair on Thursday, as apparent by the strong bearish momentum which halted solely at the 1.2065 mark. DAs a result, the rate had plunged 2.76% by mid-today following the BOC's decision on Wednesday.
Nevertheless, the last trading hours mark some indications that the expected recovery might finally start in this session. A reversal from the new two-year low at 1.2065 would confirm the existence of a descending channel that should guide the US Dollar north.
However, there are still some doubts about its ability to accelerate at a fast pace, suggesting that the rate might remain relatively stable until Monday. Thus, it could push for the 55-hour SMA at 1.2200, but fail to surpass this level.