| Positions | Today | Yesterday | % Change | |
| Longs | 42% | 55% | -30.95% | |
| Shorts | 58% | 45% | 22.41% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Sell | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇒ | ⇘ | |
The US Dollar did not introduce any changes to its general price level, as it remained below the 55-hour SMA for the second consecutive session.
However, the upward-sloping channel was eventually breached, thus revealing increased downside risks. Worse-than-expected Canadian GDP released at 1230GMT weighted heavily on the Canadian Dollar.
As a result, USD/CAD rose 50 pips within the first minute after the release, and the rate was pushed back into the channel.
This bullish sentiment, however, should allay in the upcoming hours, thus allowing bears to dominate the market until the monthly R2 and the 100-hour SMA at 1.2825 are reached.
Taking into account that the upward channel was breached, traders could see the Greenback loosing ground against the Loonie during this week.