| Positions | Today | Yesterday | % Change | |
| Longs | 52% | 52% | 0.00% | |
| Shorts | 48% | 48% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇗ | |
The previously expected decline in a narrow ranged pattern down to the 1.25 mark did not occur. The reason for that is the existence of a medium term descending pattern, which revealed itself during the last 24 hours.
The pattern drawn on Tuesday actually represented a move downwards in the borders of the medium term channel.
By the middle of Wednesday's trading the USD/CAD was squeezed in between the support of the 55 and 100-hour SMAs and the medium scale pattern's resistance line. This was due to the markets expecting the announcement of the Bank of Canada's interest rate, which has been seen to cause swings in the range from 60 to 200 base points.