| Positions | Today | Yesterday | % Change | |
| Longs | 31% | 25% | 19.35% | |
| Shorts | 69% | 75% | -8.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Buy | Buy | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇗ | ⇒ | |
Bears continue to take advantage on the weaker US Dollar, thus the USD/CAD currency pair has reached a three-week low at 1.31. As a result, the exchange rate tested the weekly PP and the lower boundary of a descending pattern late on Friday.
echnical indicators suggest that the currency pair downtrend movement could prevail today, as well thus sending the pair to re-test the weekly pivot point at 1.3128 during the following session.
Meanwhile, a fundamental event could impact the overall price moment today. If the US ISM Manufacturing PMI released at 1400GMT do not introduce massive volatility in the market, the currency exchange rate could continue to maintain the descending pattern in this session.