| Positions | Today | Yesterday | % Change | |
| Longs | 70% | 66% | 5.71% | |
| Shorts | 30% | 34% | -13.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Buy | |
| Stochastic (5; 3; 3) | Sell | Sell | Neutral | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇗ | ⇘ | ⇘ | |
After testing the bottom boundary of the ascending channel, USD/CAD accelerated for a couple of hours until the 23.6% Fibo was reached. Subsequently, the rate remained in a relatively narrow motion sideways.
At this time, however, the 200-hour SMA was surpassed by not only the pair but also by the 55– and 100-hour SMAs—a bullish sign that could finally push the Greenback further away from the two-year low at 1.2067. It is likely that the rates appreciates during this trading session and tests the monthly S2 or even the weekly R1 at 1.2232 and 1.2263, respectively.
This up-move might hold until an intersection of the upper channel boundary and the 38.2% Fibo marks some adjustments to this upward momentum.