| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 33% | 13.16% | |
| Shorts | 62% | 67% | -8.06% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇗ | |
Strong bullish momentum drove the USD/CAD currency pair higher on Thursday. The strength of the US Dollar against other major currencies has a significant effect on the exchange rate.
The 55-, 100-, and 200– hour SMAs and the weekly pivot point proved to have enough strength to drive the price movement north toward the weekly resistance near the 1.3160 mark.
As for near future, the currency exchange rate is likely to continue moving north until it breached the upper boundary of an ascending channel. Nevertheless, a brief retracement down could be expected within this hours.