| Positions | Today | Yesterday | % Change | |
| Longs | 62% | 65% | -4.84% | |
| Shorts | 38% | 35% | 7.89% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
Following the release of the Canadian CPI and Core Retail sales at 1230GMT on Friday, the US Dollar continued to push higher up to the monthly R1 at 1.2658.
The pair has remained slightly below this line on Monday, showing reluctance to move either higher or lower. This situation suggests that the rate is unlikely to move past the monthly R1 or the two-month high at 1.2655. In case the rate reverses to the downside, it will confirm the existence of a medium-term ascending channel that could guide the pair's movement during this week.
Thus, the base scenario favours the rate edging lower and approaching the weekly PP at 1.2576. This range is expected to prevail in the upcoming session, as the market should be relatively calm due to lack of data releases with no massive leaps.