| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 49% | 0.00% | |
| Shorts | 51% | 51% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇑ | ⇘ | |
Following the US/Canadian data releases mid-Friday, bears took the upper hand and pushed USD/CAD out of the strongly overbought territory. This movement southwards led the Greenback down to the combined support of the 55– and 100-hour SMAs and the weekly PP circa 1.2760. The pair has since failed to leave this area.
The US Dollar might still try to push lower within the following trading hours, but given the strength of this cluster, it is likely that subsequent bearish momentum is muted. This could lead to the rate trading in the same consolidation phase which was apparent on Monday morning.
Conversely, technical indicators point to a strong up-trend. This scenario, however, is unlikely to materialise, as the bearish momentum should to surrender so easily by mid-Tuesday.