| Positions | Today | Yesterday | % Change | |
| Longs | 40% | 39% | 2.50% | |
| Shorts | 60% | 61% | -1.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
Downside risks dominated the USD/CAD exchange rate on Thursday. A breakout occurred through the lower boundary of a junior ascending channel at 1.3220 during the end of the previous session.
Given that a breakout had occurred, it is likely that the currency exchange rate will continue its southern journey during the following trading session.
The potential target for bearish traders could be near the bottom border of an ascending trendline at 1.3119 today.
Nevertheless, technical indicators both on the daily and the weekly time frames suggest a bullish sentiment is likely to come into play within the next hours.