| Positions | Today | Yesterday | % Change | |
| Longs | 64% | 72% | -12.50% | |
| Shorts | 36% | 28% | 22.22% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Buy | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇓ | ⇘ | ⇓ | |
As expected, the bearish momentum continues to dominate the USD/CAD pair. However, bulls managed to gain some points by the middle of Friday's trading session.
Given that the US Dollar has been gaining ground since the early hours of Friday's trading session, it is expected that the movement should find resistance at the upper boundary of the dominant channel.
The USD/CAD pair is likely to remain bearish. Meanwhile, technical indicators are all in favour for the pair to further the decline until it reaches the monthly pivot points level at the 1.2234 mark.