| Positions | Today | Yesterday | % Change | |
| Longs | 53% | 71% | -33.96% | |
| Shorts | 47% | 29% | 38.30% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
The USD/CAD exchange rate continues to trade in line with a descending channel. Following a rebound from its bottom boundary last Friday, bulls took the upper hand and pushed the rate as high as the 200-hour SMA and the monthly PP at 1.2748 early today.
This area proved to be an unbreakable resistance as a result of which the Greenback tested the 55– and 100-hour SMAs mid-day.
Technical oscillators are in favour of a short-term recovery during which the aforementioned 1.2748 area might be tested once again.
It should be noted that there is still potential until the upper channel boundary circa 1.2780. However, it is unlikely that it is realised in the following 24 hours, as the overall market sentiment is shifting slightly towards bears.