| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Buy | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
As the US Dollar extended its losses against the rest of the major currency pairs, the USD/CAD pair was no exception. Previously drawn patterns have been broken. Due to that reason, a full review of the currency exchange rate has been conducted and a new pattern is drawn.
The US Dollar is stranded below the 61.80% Fibonacci retracement level at the time of this analysis. The retracement can be measured by the high at 1.291 and the low at 1.235.
Furthermore, regarding the future movement of the channel, watch out for a breakout from the triangle either north or south. In the one-hour time frame, there is already a breakout from the triangle to the north the 55 – hour and 100 – hour SMAs are providing support.