| Positions | Today | Yesterday | % Change | |
| Longs | 46% | 45% | 2.17% | |
| Shorts | 54% | 55% | -1.85% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Buy | Neutral | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇓ | ⇗ | ⇒ | |
After testing the six-month high of 1.2901 on Tuesday, the US Dollar started depreciating against the Loonie, thus breaching the combined resistance of the monthly PP, the 100– and 200-hour SMAs circa 1.2845 on the following day. This area, together with the 55-hour SMA, then provided strong resistance that limited any attempts of the pair to regain its lost positions.
The Canadian data release mid-Thursday beat market expectations and thus resulted in a massive plunge for the USD/CAD currency pair. The rate managed to fall down to the 1.2720 mark and the monthly S3 within a couple of minutes.
In general, it is expected that bulls could start to strengthen their positions in the evening, thus pushing the rate closer towards the 1.2845 area.