| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 37% | 13.95% | |
| Shorts | 57% | 63% | -10.53% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
The US Dollar continues to trade sideways against the Canadian Dollar for the fourth consecutive trading session. The rate was trading along the line of the 55-, 100-, and 200– hour SMAs.
Given that the USD/CAD currency pair has been trading sideways for almost a week, a breakout is likely to occur within this session. If and when this happens, it could target the upper boundary of a downtrend line.
However, it is important to note that the resistance cluster that has been hindering the currency exchange rate to make an upward move could still prevent such scenarios to prevail today.