| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 62% | -5.08% | |
| Shorts | 41% | 38% | 7.32% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇗ | ⇒ | |
A one-week ascending channel pattern has guided the US Dollar higher against the Canadian Dollar on Monday. The currency pair appreciated by about 66 base points yesterday.
Everything being equal, it is expected that the exchange rate continues its northern journey today. The potential target for the USD/CAD currency exchange rate will be near a resistance cluster formed by the combination of the weekly and the monthly PPs at 1.3277.
Furthermore, technical indicators on both the smaller and the larger time frames suggest that the movement might occur within the coming hours.