| Positions | Today | Yesterday | % Change | |
| Longs | 57% | 52% | 8.77% | |
| Shorts | 43% | 48% | -11.63% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Neutral | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Even though the US Dollar tried to recover some of its lost positions against the Loonie during the second part of Monday, bears continued to push the pair lower. As a result, it breached the bottom line of a six-week range located at 1.2668.
The Canadian data release mid-session put an upward pressure on the Loonie, thus pushing the rate below the weekly S1. Technical oscillators are located at or near the oversold area. This suggests that upside risks could dominate the market during the following hours or even beyond.
The nearest resistance is provided by the 55-hour SMA at 1.2711. In case the Greenback continues to trade lower, this bearish momentum is likely to be stopped by the monthly or weekly S2s at 1.2580 and 1.2541, accordingly.